Price Inflation In Healthcare

1469 Words 6 Pages
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.
Due to the dramatic price inflation of Daraprim, many people are outraged at the new price. Patients are outraged because of the large amount of money they pay out
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If these patients were not on their medications, then they may be admitted to the hospital more frequently. The price inflation is beneficial since “[i]ncreased spending on drugs that specifically manage disease, preclude or delay surgeries, or reduce hospital admissions and lengths-of-stay pay for themselves many times over” (Kleinke 46). Less money would be spent on purchasing the price inflated drugs than spending weeks cooped up in a hospital. Not only would it save money in the long run for the patients who take the medication, but it will also help Medicare to save money as well. Most expenses are picked up by Medicare. Days spent in the hospital will be more expensive than taking medications. However, though this might be true in some cases, the cost of hospitals would not be a problem if the price inflation was so great. If the price inflation was lower, than many more patients would be able to afford their medication. More health complications could be avoided, thus less days will spent in the hospital. If the price increase were not so great, then the problem hospital costs could be …show more content…
Though these plans will help protect the patients and current healthcare plans, these plans are only proposed. These plans will not be in effect if these candidates are not elected into office. Until the presidential election, there is no guarantee for these plans to be in effect. Whether party wins, they both share mutual morals for the desire to help curb the problem of the price inflations. However, until then, I believe that the current government should consider the plans proposed by Sanders and Clinton to help protect not only the patients but the federal healthcare as well. The government should be involved in promoting competition and allowing healthcare providers to negotiate for prescription medication. This will help save costs for both patients and Medicare. There will be less out of pocket expenses for the patients to pay and less costs for Medicare to cover if the prices of the medications is lowered. Medicare would not use as much tax dollars to pay for the medications. If these plans are put into action, then the price gouging from the pharmaceutical companies will

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