Prescription drug prices in the United States

population more because as one gets older they are more exposed to experience a chronic illness and are more likely to consume multiple medications a day (Cavanaugh & Blanchard-Fields, 2015). It is known that the United States has one of the highest prices when it comes to prescription drugs. There are numerous factors in why the high cost of medication tends to affect the elderly. For instance, Medicare does not tend to cover…

When it comes on to a cheaper price I believe the government of the host nation should subside the cost of demanding drugs. It makes perfect sense for government to play a critical role in the cost reduction expensive drugs. Why should the United States of America suck up all of the cost for a expensive drug while other country pay nominal amount that’s outright not fair to the citizens. However, if country that depends on a certain drug such as prescription Opioid should contribute to…

cannabis, is the most widely used illicit drug in the world” (brucealanblock.com). “Each year, billions of dollars are spent by governments around the world in the “war on drugs” to combat this so called scourge” (brucealanblock.com). “Marijuana become illegal in 1937 because of racism, fear, protection of corporate profits, yellow journalism, ignorant, incompetent, corrupt legislators, personal career advancement, and greed (drugwarrant.com). The current drug laws have failed to control the…

The regulation of pharmaceutical drug costs should take precedence in the United States Government due to the issue that prices are becoming too unbearable for the working class and low class citizens to afford. Many families are now having to decide whether or not to continue buying into these lifesaving medicines, or use their money for other basic needs, risking their health. An issue that sparked this need for regulation was Martin Shkreli raising the price of Daraprim, which is used to…

Opioids have been used in pharmaceutical drugs as a painkiller. Opioids are in medications like morphine, hydrocodone and oxycodone, which have been praised for their effectiveness for patients suffering extreme pain However, there have been downsides to using opioids in drugs. The use of opioids has lead to addictions and to deaths in the United States. After people take opioids as a painkiller, they can become addicted to the drug. This addiction they get can lead them deeper into addiction or…

The Future of America. I believe that Hillary Clinton should be our next president for the following reasons: education, gun control and education. As Hillary Clinton once said, "I want you to know, I've heard you. Your cause is our cause. Our country needs your ideas, energy, and passion.” Hillary Clinton stands for the people and wants us to come together and fight for basic human rights. She is the best candidate for president because her words inspire people to improve America…

The pharmaceutical market in the United States is not a price regulated market, meaning the price of the drugs can be placed at any price without question. Due to the lack of regulation the pharmaceutical industry is the largest profit gaining industry in the United States market. Although this is great for the industry, it is not enjoyable for the consumers. Many Americans cannot acquire the medications they need to better their health because of the high costs. The World Health Organization…

The EpiPen, a device which gives a shot of adrenaline to victims of anaphylaxis, has saved countless lives in our world. However, the price has spiked 400% due to Mylan, a pharmaceutical company, having a monopoly on the drug. This means a family would have to pay $500 or more to have a dollars’ worth of a lifesaving drug (Willingham). The insanely high price of an EpiPen also extends to other spectrums of the pharmaceutical industry. This may sound like the classic ideology of capitalism, but…

In the United States and worldwide, there is a serious problem of antibiotic over prescription and unnecessary prescription. This problem represents a tragedy of the commons and negative externality, as each course of antibiotics reduces the overall effectiveness of the drugs and contributes to the rise of antibiotic-resistant bacteria. This paper attempts to estimate the negative externality associated with antibiotic prescriptions, especially when they are needlessly prescribed. Further, this…

A tribute to why American health care is so high in price is that insurance companies are so weak in power. For example, in America there are hundreds of different carriers, this means that no single insurer has a large negotiating power, and this causes pharmaceutical companies, orthopedic device manufacturers…