• Home Page
  • Prescription Medication Prices: Article Analysis

Prescription Medication Prices: Article Analysis

Improved Essays
Show More
The ever increasing drug prices continue to hinder equitable health care. However, pharmaceutical companies continue to seemingly have unabated control over life-saving medication. This article will examine existing federal and state price gouging laws and determine its efficacy in preventing medication price hikes. From an objective stand point, this article will analyze the benefits and complications related to regulating drug prices on the market in order to make relevant propositions that would help alleviate overwhelming prescription drug

Related Documents

  • Improved Essays

    Eapen Case
    • 586 Words
    • 3 Pages

    Eapen Case

    For the commercially insured, Express Scripts were able to keep their co-pay costs steady, seeing a rise of $0.45 from January 2015 to July 2016 even though the price of the EpiPen rose 51% (Herper, M 2016). While Mylan offers coupons to help reduce the cost of the medicine, most consumers will not see savings due to them not hitting their deductible because they do not have a co-pay on drug purchases (Herper, M. 2016). Eventually, there will be generic versions of the EpiPen that will drive down prices. This paper is intended to show how the price increase affects the economy.…

    • 586 Words
    • 3 Pages
    Improved Essays
    Read More
  • Superior Essays

    Should Government Regulate Epipens
    • 1585 Words
    • 7 Pages

    Should Government Regulate Epipens

    I believe that the government should regulate the sales of epipens because the “Mylan” company has a monopoly on them and is unfairly controlling the price. The price of epipens has been raised over 400% in the past few years because Mylan’s one competitor had a recall due to possible errors in drug dosage. The drug used in epipens, epinephrine, is inexpensive and each epipen carries only a dollars worth. The injector itself is bought by Mylan from a manufacturer for only $34.50 per pen!…

    • 1585 Words
    • 7 Pages
    Superior Essays
    Read More
  • Improved Essays

    The Pros And Cons Of Epipen
    • 451 Words
    • 2 Pages

    The Pros And Cons Of Epipen

    The peer-reviewed article, EpiPen price hikes comes under scrutiny, by Rita Rubin reports the out lash towards the drug company Mylan and CEO of Mylan Pharmaceuticals, Heather Bresch, during recent years due to the increased price of EpiPen. “ … since the drug company Mylan acquired EpiPen in 2007, its price has soared more than 400%, to just over US$600.” For many Americans, the fear of losing a loved one simply because they can no longer afford the medication is very real, as according to the Wall Street journal, “some 3.6 billion Americans were prescribed an EpiPen [in 2015].” Pharmaceutical profiteering has always been a concern and continues to increase as “Mylan has a virtual monopoly over the epinephrine auto-injector market”, said Maryland Democrat Elijah Cummings and Jason Chaffetz, a Utah Republican who chairs the House Committee on Oversight and Government Reform.…

    • 451 Words
    • 2 Pages
    Improved Essays
    Read More
  • Superior Essays

    The Pros And Cons Of Epipens
    • 1507 Words
    • 7 Pages

    The Pros And Cons Of Epipens

    Allowing a drug company to have a monopoly where it can charge whatever it can force the individual, or more typically the insurer or the government, to pay makes little sense” (Baker). Medical pharmaceuticals are perfectly inelastic, meaning that at any price,…

    • 1507 Words
    • 7 Pages
    Superior Essays
    Read More
  • Improved Essays

    Argumentative Essay On Obamacare
    • 769 Words
    • 4 Pages

    Argumentative Essay On Obamacare

    The doctors no longer manage their patient’s care and are told by insurance companies what tests can be done, what medications to use and have been burdened with unending paperwork due to the new laws. Medications that have been proven helpful are often denied by insurance companies. We should be aware of the conflict of interest of insurance companies having stock in the drugs that they do…

    • 769 Words
    • 4 Pages
    Improved Essays
    Read More
  • Improved Essays

    Genzyme Case Summary
    • 1000 Words
    • 4 Pages

    Genzyme Case Summary

    Insurance companies and employers were not concerned about paying the prices because it would not have a large affect on their buisness. But today, prices are increasing and more and more orphan drugs are being developed, meaning there are more patients requiring these expensive drugs. This has resulted in health plans refusing to cover certain orphan drugs and some insurers are requiring employers to pay for up to half of the drugs cost. All of which making it more and more difficult for patients to obtain their much needed medication. [10] This has become a conumdrum that was not foreseen during the creation of the Orphan Drug Act, it has helped create life changing drugs that people can’t pay…

    • 1000 Words
    • 4 Pages
    Improved Essays
    Read More
  • Improved Essays

    Health Care Cost Volume Profit Analysis
    • 615 Words
    • 3 Pages

    Health Care Cost Volume Profit Analysis

    Price setting in the health care industry has become ever more substantial as a strategy to battle diminishing margins resultant from cost surges and payment shortfalls. Note that this price list can be as varied as the health care providers that employ them (Cleverley & Cleverley, 2018, p. 153). The revenue function can also be controlled by strategically negotiating the payment schedules…

    • 615 Words
    • 3 Pages
    Improved Essays
    Read More
  • Improved Essays

    Pharmaceutical Policy In Canada
    • 895 Words
    • 4 Pages

    Pharmaceutical Policy In Canada

    The rapid growth in expenditures has resulted in pharmaceutical companies to increase prescription medication prices, however, provide poor quality medicines. “Since increasing the price of pharmaceuticals has little effect on their demand, consumers and the public bear the consequences of high prices” (Witktorowicz, 2010, p. 304). The authors examine Patented Medicine Prices Review Board (PMPRB), which protects consumers in ensuring the prices in Canada from wholesalers, hospitals, pharmacies or other, are not excessively priced. Hence, it provides a vision of pharmaceutical companies investing long-term investments for themselves. It analyzes the government's decision towards the health care system; whether or not, how health is the Canadian health-care system.…

    • 895 Words
    • 4 Pages
    Improved Essays
    Read More
  • Improved Essays

    High Prescription Drug Prices
    • 1525 Words
    • 7 Pages

    High Prescription Drug Prices

    The United States have spent far more money on the health care than any other countries. At 17.1% of their gross domestic product on health care, the United States devoted at least 50 percent more of its economy to health care than do other countries (Squires &Anderson, 2015). Even with so much spending on healthcare, people in the United States are still unable to afford the health care prices, particularly the need for prescription drugs. It is difficult for consumers who have already spent money on health coverage, and with high drug cost due to pharmaceuticals’ regulation on price increased the burden for patients to afford the drugs that they need. Drugs are created and manufactured by the pharmaceutical companies where they have the authority…

    • 1525 Words
    • 7 Pages
    Improved Essays
    Read More
  • Decent Essays

    Prescription Drug Coverage Analysis
    • 328 Words
    • 2 Pages

    Prescription Drug Coverage Analysis

    The article I choose focus on the growth concern about Canadians that dependent on pubic drug programs that they don't have equal access to emerging new medications for mental disorder compare to those that have private drug insurance coverage, and that there is also discrimination in the public drug plans among the provinces and territories. The authors focus on the facts that contribute to this problem. The first argument is that the Prescription Drug Coverage in Canada play a big role on whether one be able to access the new medication or not because the prescription drug coverage determent whether the medication is cover under the public drug plan. Majority of people that has mental illness are unemployed and they depend on social assistance…

    • 328 Words
    • 2 Pages
    Decent Essays
    Read More
  • Improved Essays

    Universal Health Care Persuasive Speech Outline
    • 674 Words
    • 3 Pages

    Universal Health Care Persuasive Speech Outline

    According to a survey conducted by the Commonwealth Fund, 35 percent of Americans have difficulty paying their medical bills, and 25 percent do not visit a doctor when they're sick, due to the cost. (Mercola) C. Another problem with the US health care system is that as opposed to other countries, American laws prevents the government from controlling drug prices. (Mercola) 1. An example of this is the recent price increase of Daraprim that was priced at $750 by Turing Pharmaceuticals, simply because they could. (Pollack) 2.…

    • 674 Words
    • 3 Pages
    Improved Essays
    Read More
  • Great Essays

    Formulary Restrictions In Health Care
    • 1459 Words
    • 6 Pages

    Formulary Restrictions In Health Care

    Drug prescription is an essential component of the modern health care system; however, even as billions of prescriptions are filled annually in the United States (Kaiser Family Foundation 2014), current policies governing the selection and prescription of these medications are outdated and even misguided, leading to suboptimal results in health care delivery and in public policy. With the intention of controlling rising expenses, programs such as Medicaid have implemented formulary restrictions that limit access to certain medications (Koyanagi et al. 2005). While some of these limitations have been productive, other policy decisions have had unintended consequences. Studies indicate that formulary restrictions as a whole have lowered pharmacy…

    • 1459 Words
    • 6 Pages
    Great Essays
    Read More
  • Superior Essays

    Persuasive Essay On Prescription Drug Prices
    • 2472 Words
    • 10 Pages

    Persuasive Essay On Prescription Drug Prices

    Americans use more prescription drugs than any other developed country. Prescription drugs only represent 12 percent of total health care costs in the United States, but the rising prices of those drugs is an issue that keeps reoccurring not only for patients, but for prescribers, payers, and policy makers. There are people that believe that the rise in price of these drugs is appropriate, but if they keep on rising in price, the United States will start suffering not only financially but medically. Despite a lot of other aspects of the economy rising in price, pharmaceutical drugs should be lowered, or should at least be kept at a reasonable rate. The rise in prices of prescription drugs is an issue that does not seem to be going away…

    • 2472 Words
    • 10 Pages
    Superior Essays
    Read More
  • Improved Essays

    Obama Care Wrong
    • 1374 Words
    • 6 Pages

    Obama Care Wrong

    The same sentiments should also apply in the case of pharmaceutical price gouging. Indeed, Obamacare should look into reducing drug prices to ensure its survival in the American health care system (Pipes, 29). According to Generic Drug Price Gouging Theory, drug prices in the domestic markets are skyrocketing compared to international markets. For instances, drugs prices in the American market rose 11% higher back in 2011 compared to Canadian, France and Switzerland market, mainly due to American greed and the supply and demand. Resultantly, millions of Americans go without drugs every day due to unaffordable drug prices (Marcovici,…

    • 1374 Words
    • 6 Pages
    Improved Essays
    Read More
  • Superior Essays

    Regulation Prescription Drugs
    • 1495 Words
    • 6 Pages

    Regulation Prescription Drugs

    The War on Prescription Drug Abuse Regulation of Prescription drugs is mandatory in order to curb this nationwide epidemic. The use of prescription drugs in today’s society have led to harsh consequences such as addiction, overdose and the transition to illegal drug abuse. Despite the need for regulation there are others who believe that regulation of drugs will end up hurting our patients in the long run.…

    • 1495 Words
    • 6 Pages
    Superior Essays
    Read More

Related Topics

Ready To Get Started?
Discover
Company
Follow
©2024 Cram.com
Privacy Policy |  About Ads |  Site Map |  Advertise  | 
  • Cookie Settings