Shkreli And Daraprim: Ethical Analysis

Improved Essays
There are many ethical considerations that Shkreli failed to take into account when he de-cided to raise the price of the life-saving drug Daraprim by 5,000% overnight. This section will analyze his questionable decision making process that occurred during the 2015 notorious phar-maceutical scandal.
Many may ask themselves, “What was Shkreli thinking?” The truth is that we all come from different backgrounds and therefore have a different frame of reference when forming our ethics or morals. Ethics are derived from influences such as our families, our close social net-work, and society (Eichelbaum, 2017). Morals are derived from our personal values. Conse-quently, morals can be very subjective (Odom, 2010, p. 29). It is possible that

Related Documents

  • Improved Essays

    Daraprim Case Study

    • 1229 Words
    • 5 Pages

    Democracy is what the United States prides itself on. As a model for many other countries, every citizen would have whatever they need in order to live happy, healthy and productive lives due to a government structure holding their civil liberties a in the forefront of political decisions. Unfortunately, many of the citizens find themselves in a place between a critical choice to be healthy or live comfortably. In order to fulfill a critical foundational building block of the United States, many citizens need to choose feeding their family over paying for a life saving drug. Funding political campaigns via lobbying in favor of major Pharmaceutical company CEOs instead of the American citizens.…

    • 1229 Words
    • 5 Pages
    Improved Essays
  • Decent Essays

    Novartis Compliance Cases

    • 114 Words
    • 1 Pages

    In the past week the US Department of Justice has filed lawsuits twice against Novartis. The Department stated Novartis paid kickbacks to boost prescription which led the federal healthcare programs to pay for medicines based on false claims. The feds have been making similar allegations towards drugmakers for the past 10 years. Novartis would pay people off by taking them to expensive dinners or fun activities. Three years ago Novartis paid $422.5 million in penalties and pleaded guilty to a misdemeanor for promoting its Trileptal epilepsy medication and several other drugs.…

    • 114 Words
    • 1 Pages
    Decent Essays
  • Improved Essays

    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…

    • 78 Words
    • 1 Pages
    Improved Essays
  • Improved Essays

    The example of a whistleblower that I found through research was Stefan P. Kruszewski, he was involved in multiple suits involving inadequate care, retaliation, and fraud. Kruszewski was a psychiatric medical consultant for the Pennsylvania Department of Public Welfare (DPW), one of his duties was to “root out fraud, waste, and abuse so that neither the federal dollars… nor the state funding… would be forced to pay for unnecessary, inferior, or substandard care” (Kenney, P. 7). After reporting his findings on a being fired for not keeping silent he proceeded to file a First Amendment case against the state and multiple suits against Southwood Psychiatric Hospital, Pfizer Inc., and AstraZeneca. In all cases he was successful with the help of…

    • 582 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Question 1. (679 Words) Curnutt believes that the prima facie wrongness of animal-eating has not been defeated by additional factors which serve as the overriding reason. From his argument, David Curnutt claims that animal-eating is Ultima facia morally wrong. He further explains there are at least four grounds for overriding this wrong which is traditional-cultural, aesthetic, convenience, nutrition.…

    • 1929 Words
    • 8 Pages
    Improved Essays
  • Improved Essays

    If you have been to the doctor lately, I am sure you have noticed the rising costs for prescription medications. Did you know the costs are determined by the very companies that produce them? There are no limitations on what they are allowed to charge for any medications they produce. If you find yourself in need for certain drugs, be prepared for the biggest sticker shock you will probably ever encounter. This has prompted insurance companies and doctors to call foul on the major pharmaceutical companies.…

    • 735 Words
    • 3 Pages
    Improved Essays
  • Great Essays

    In the United States our health care system is the talk of much debate. Single payer healthcare is a health care system in which a single organization organizes the health care financing for all health care in the country. In a single payer system, the single payer organization would collect all health care fees and pay all health care cost from that money. The United States should use a single payer system for health.…

    • 1676 Words
    • 7 Pages
    Great Essays
  • Improved Essays

    The factors that influence our moral growth are essentially our external influences. External influences determine what situations we are put in, and the decisions we have to make, which results in growing morally. Our aspects of morals are determined by what we value, but different people with different external influences value different things. Our morals get expanded by experience. If we cause something, and experience a bad effect, chances are, our morals won’t let us do that again.…

    • 502 Words
    • 3 Pages
    Improved Essays
  • Decent Essays

    Utilitarianism is a theory in ethics that the best moral action is the one that maximizes utility. Accouring utilitarianism, PharmaCARE’s proves to be not ethical because the companies actions do not benefit the majority number of stakeholders. The companies dollar a day wage structure provides a low benefit to its workers in Colberia. The benefits to shareholders in the Colberia land does not exist due to the destroyed habitat and endangered species. The company’s lobbying also is in favor of doing additional harm to the entities that will be affected.…

    • 134 Words
    • 1 Pages
    Decent Essays
  • Improved Essays

    False Claims

    • 727 Words
    • 3 Pages

    • Submission of a claim for health or medical care services that were never carried out. • Submission of a claim for services provided to non-existent patients or ghost patients. • Submission of false service records or samples so as to show a great performance • Up-coding – submission of a claim for a more expensive service than that which was performed. • Submission of claims for services or treatments that are not medically necessary. • There is also the use of double billing.…

    • 727 Words
    • 3 Pages
    Improved Essays
  • Great Essays

    On the federal side of the situation, we can observe how the price inflation affects the federal healthcare system and the responses of the presidential candidates in their presidential campaign. Currently, many Americans are able to enroll in a healthcare plan because of the Affordable Care Act. The Affordable Care Act “have improved access, affordability, and quality in healthcare for Americans” (hhs.gov). However, the price inflations of the pharmaceutical drugs have created an adverse effect on affordable healthcare, and the presidential candidates are outraged on this effect.…

    • 1469 Words
    • 6 Pages
    Great Essays
  • Improved Essays

    Merck's Ethical Dilemmas

    • 638 Words
    • 3 Pages

    The matrix below illustrates the costs and benefits to individual stakeholders as a result of Merck’s course of action. Ethical principles…

    • 638 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Introduction In the year of 2004, 2.5 billion dollars of annual sales hit the blockbuster market on a pharmaceutical drug named Vioxx (Rofecoxib), which thousands of physicians prescribed to their patients worldwide (Medscape Medical News, 2004; Topol, 2004). The drug has shown an increase in heart attacks and strokes with suspiciousness to why leaders did not act earlier to withdraw the pharmaceutical drug from the market timely (Topol, 2004). The leaders involved were faced with more than a 4.85 billion dollars settlement lawsuit for the lives impacted by the prescription drug (Smith, 2007). The maker of the drug and the approvers of the drug are held responsible; knowingly the fraud-drug should not have been on the market (Smith, 2007).…

    • 969 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Firstly, morality is often influenced by religion by making people think they will be punished after they die for doing certain…

    • 1283 Words
    • 6 Pages
    Improved Essays
  • Improved Essays

    Well, think of how the world would be if everyone did whatever they wanted and didn’t think of right or wrong while carrying out their actions. It is very ideal to have specific morals of what’s right and wrong, Without morals, where would life take us? Would there even be a meaning to life if everyone just did what they pleased without any significance behind it? If you don’t consider your values and beliefs, life could be a mess. Morals are in existence to guide your life to goals rather than be controlled by unhealthy habits and actions.…

    • 898 Words
    • 4 Pages
    Improved Essays