Prescription Drugs Case Study

Good Essays
other health-related events.7 In addition, it is very difficult for the FDA to verify and guarantee the safety of foreign prescription drugs,4 and that is a major health problem in itself.
Another argument against this issue, is that, it is forcing patients to lie to their physicians about not following the proper prescribed recommendations.4 This is extremely dangerous, because physicians have no way of knowing what patients are doing in privacy to avoid the high cost of prescription drugs, unless they are honest. Moreover, these illicit practices by patients which can result in inaccurate post diagnosis or improper drugs and increased dosages that can be fatal.
Problem Part 3: This policy is riddled and challenges and barriers since its implementation,
…show more content…
I feel that once we can get a clear picture of how the pricing process is done, it would be easier to make compromises. For instance, the pharmaceutical companies are claiming that government regulations, research and development, shareholders, and cost for marketing and direct to consumer advertising are some primary reasons for pricing their drugs. However, I would target the latter. Doctors are forced to write prescription for those high priced drugs, because patients are requesting them. Direct-to-consumer drugs advertisement is very effective, because 50 of the heavily advertised meds have increased some 24.6 percent, compared to all others, which were only 4.3 percent in 2000, an annual cost totaling $2.5 billion.11 This is driving more pharmaceutical companies to pay more for these advertisement, hence, driving up the cost for prescription drugs. I would definitely put an end to direct-to-consumer marketing by pharmaceutical companies. This recommendation is one method to help lower premiums and make prescription drugs more affordable for patients on Medicare or those with chronic

Related Documents

  • Decent Essays

    Drug endorsement being verboten in the medical field will benefit health care in numerous ways. Predominately the drugs pharmaceutical companies are marketing would benefit from the money used to endorse the drugs by more fruitful research being put into the product. In a 2008 peer-reviewed medical article published by the public library of science it was discovered that on average pharmaceutical companies spend twice as much money on advertising as to research of a drug. A case study of a drug is a study…

    • 902 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    Therefore, it is not surprising the most vocal proponents of DTC drug advertising are the pharmaceutical companies. For instance, Merck, with total assets of $105.65 billion, claimed DTC is a helpful way to inform patients about diseases and therapeutic options to discuss with their physicians (Merck, 2008). Nearly all pharmaceutical companies used similar verbiage to express their virtuous reasons for marketing its drugs directly to consumers. Certainly, the free market of business economics is the American way; however, DTC advertiser’s motives are less than virtuous and contribute to the high cost of healthcare and drug costs. According to Shaw (2008), the majority of advertising expenditures fall within seven categories: heartburn; insomnia; cholesterol; asthma and allergy; nail fungus; depression; and erectile dysfunction.…

    • 1366 Words
    • 5 Pages
    Decent Essays
  • Decent Essays

    Over the past few years the price of the EP has gone up approximately 400% due to competition and increased drug prices. In an article put out by the Clinton Campaign (CC) it was stated that, “Discounts for selected customers without lowering the overall price of EpiPens are insufficient, because the excessive price will likely be passed on through higher insurance premiums.” (Mylan CEO, CNBC.com) The CC is referring to the discount cards that prescribing doctors can give to patients to allow for a zero copay or lower copay per prescription of EP’s. As for myself, having a life threatening allergy and carrying an EpiPen, I have yet to see the drastic increase in prices due to receiving a zero copay card from my prescribing doctor. Mylan didn’t increase the price just due to no competition in the marketplace, but also due to the drug maker of epinephrine. The Food and Drug Administration (FDA) has a large impact/ influence of the prices of drugs per dosage through partner companies.…

    • 1053 Words
    • 5 Pages
    Decent Essays
  • Decent Essays

    Generic Drugs Case Study

    • 952 Words
    • 4 Pages

    Soaring price of generic drugs: Depriving consumers from better healthcare Generic drugs prices are rising exponentially with every passing year. Generic drugs are regarded as a boon to mankind not only because they are comparable to their brand counterparts in terms of quality, safety and efficacy but also because they are affordable by all the people irrespective of their financial class. A survey revealed that generic drugs have saved US patient’s 1.3 trillion dollar in past decade. But with soaring price of generic drugs it’s getting difficult for consumers (especially lower class families) to meet their health care needs. Hence, it becomes very important to look into the reasons for the rise in price of generic drugs which is depriving…

    • 952 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    A state-specific linear trend has shown that legalized physician assisted suicide was connected to a 6.3 percent increase in overall suicides (Jones & Paton, 2015, pp. 599-604). The result was greater in the patients over the age of sixty-five years old (Jones & Paton, 2015, pp. 599-604). That recommends that either physician assisted suicide does not hinder non-assisted suicide, or that it demonstrates along these line in a few people however it is connected with a larger inclination to suicide in other people (Jones & Paton, 2015, pp.…

    • 1620 Words
    • 7 Pages
    Decent Essays
  • Decent Essays

    There has been a lot of talk recently in the news about how money spent on prescription drugs has increased 3% in 2013, which results to about $329.2 billion. Those are astonishing numbers, now if you take that number and you divide it by how many people live in the US, that works out to be about $1,000 per person spent on prescription drugs. Since doctors hold the key in prescribing drugs, some doctors are prescribing certain drugs that pharmaceutical companies are requesting them to prescribe even thought that drug might not be the best for their patient given their condition. This in so many ways are unethical because the patient would most likely depend and trust what the doctor is prescribing to them but little do they know, that the prescriptions they are taking might not be the best for them. Some doctors care more about making money than making their patient satisfied.…

    • 1017 Words
    • 5 Pages
    Decent Essays
  • Decent Essays

    Healthcare Expensive Essay

    • 1122 Words
    • 5 Pages

    Prescriptions drugs in the United States are the most expensive almost double what they are in other countries (US Spends More). On a typical annual cost for cancer prescription drugs increased from around ten-thousand dollars to over one-hundred thousand dollars by 2012 (Islam, Ifrad). Innovations that technology are making are new vaccines that may cost more up front, but could lead to savings in the future for the vaccines results (Snapshots). Technology gives us the fundaments we need for American medicine, it being in our industrial sector (Callahan, Daniel). With these expensive machinery being used raising the cost for health care, there are people that can not afford the tremendous health care prices.…

    • 1122 Words
    • 5 Pages
    Decent Essays
  • Decent Essays

    Some patients just simply do not take their medications and other are forced to take out enormous loans that they will never be able to repay, just to buy medicine. Patients may even resort to illegal acts such as sealing medications or other crimes to try to pay for these expensive drugs that they need to increase their quality life. For example, patients who need Warfarin, a blood thinner drug to prevent strokes and heart attacks. If they cannot afford this medicine, their health and life is in danger because to people who are at risk for a heart attack or stroke, Warfarin is a lifesaving medication. These inflated prices affect mostly the under-served populations and the elderly community.…

    • 806 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    Vaccines: Article Analysis

    • 1319 Words
    • 5 Pages

    “According to our records, you are delinquent on your vaccinations,” the dreaded sentence that one doesn 't want to hear when at the doctors. Vaccinations are a very controversial topic. Some people will argue that vaccines do not lead to immunization, vaccines are studied in the wrong ways, or that diseases were already on their way out prior to the implementation of the vaccine. Nowadays there is talk on how effective these vaccines are and how they may contribute to more problems than they solve. The author of this article believes that vaccines are detrimental to society; however I believe that his article is ineffective at proving his point because it is littered with unsupported facts and logical fallacies.…

    • 1319 Words
    • 5 Pages
    Decent Essays
  • Decent Essays

    Science and technology has grown exponentially in recent years, issues such as heart disease and diabetes that once required surgery are now regulated with medicine. It has become routine for doctors to prescribe medicine because it is the easiest solution. Medication is the most efficient way to take care of illness, but what happens if we are prescribing too much? “Prescription painkillers kill six times more people each year than heroin does” (Wen). This harrowing statistic is why over prescription needs to stop.…

    • 1074 Words
    • 5 Pages
    Decent Essays