The idea of rising medical cost in the healthcare system has now become the norm of business in America. Ever since healthcare became a business in America, there has been a rise in hospitals, urgent care, clinics and private doctor’s offices being built at every corner. Sources have shown that United States spends more money on healthcare than any other country. With prices of medical bills keep rising, it has become a burden on low-income families to get the necessity of care without being in too much debit. As an employee of a hospital, I have seen so many occasions where a patient will come to the hospital for a knee pain and the doctor will ask about a non related illness question that he/she was seen at the hospital a couple of weeks
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When Mr. Recchi, a 42-year-old from Lancaster, Ohio visited the hospital, he was charged for high price for a generic prescription drug. As a formal employee at a local clinic, I once asked one of the doctors why some prescription drugs that are not brand names cost so much? In his reply, he said some doctors and some hospitals are working with some pharmaceutical companies where the doctors and the hospitals have a share each time the prescription drugs are given to their patient. This reason by the doctor can be in similarity to Mr. Recchi’s case where he was charged for one pill of a non brand name prescription drug at a very expensive price. Another good example of how doctors, hospital and clinics may be in connection with increased price hike for prescription drugs can be seen in the 2015 case of Martin Shkreli the CEO of a pharmaceutical company who hiked a price of a tablet from $13.50 to $750 overnight. With this hiked priced on the tablet, it puts medical bills at a high price making low-income families to suffer to get the best treatment for their family. Another problem affecting high prices of prescription drug are due to commercials. In order for doctors or people to know about such a drug, it has to be on a commercial where people will noticed that there are drugs that you can take over the counter for this sickness. We tend to buy brand names prescription drugs that are shown on television rather than buying the genetic drug that does the same work as the brand
When Mr. Recchi, a 42-year-old from Lancaster, Ohio visited the hospital, he was charged for high price for a generic prescription drug. As a formal employee at a local clinic, I once asked one of the doctors why some prescription drugs that are not brand names cost so much? In his reply, he said some doctors and some hospitals are working with some pharmaceutical companies where the doctors and the hospitals have a share each time the prescription drugs are given to their patient. This reason by the doctor can be in similarity to Mr. Recchi’s case where he was charged for one pill of a non brand name prescription drug at a very expensive price. Another good example of how doctors, hospital and clinics may be in connection with increased price hike for prescription drugs can be seen in the 2015 case of Martin Shkreli the CEO of a pharmaceutical company who hiked a price of a tablet from $13.50 to $750 overnight. With this hiked priced on the tablet, it puts medical bills at a high price making low-income families to suffer to get the best treatment for their family. Another problem affecting high prices of prescription drug are due to commercials. In order for doctors or people to know about such a drug, it has to be on a commercial where people will noticed that there are drugs that you can take over the counter for this sickness. We tend to buy brand names prescription drugs that are shown on television rather than buying the genetic drug that does the same work as the brand