The demand for specialty medications will significantly increase. By 2020, 9.1 percent of healthcare spending will be for using specialty medications. After the Orphan Drug Act was enacted into law in 1983, more and more biological products and new medications have been developing to treat rare and critical diseases. Also, the Affordable Care Act ensures that patients cannot be denied coverage for pre-existing or high-cost conditions, which may require specialty medications. These laws create…
For the development of new drugs, there is a requirement for investment of major capital, human resources and scientific expertise. Not only are stringent regulations required on testing and manufacturing standards of the drug, there is also the general population healthcare requisite which needs to be met with the limited resources and technology available. For a new drug to reach the market, it takes more than a decade and several tests and trials that the FDA needs to clear. The information…
The United States Food and Drug Administration is the government agency responsible for regulating food, dietary supplements, drugs, cosmetics, medical devices, biologics and blood products in the United States. The agency is authorized by the government to inspect, test, approve, and set safety standards for foods, chemicals, medical devices, cosmetics, and household devices (britanica.org). Made up of 2,100 scientist including chemists, pharmacologists, physicians, microbiologists,…
About 4,500 children may develop serious adverse effects involving life-threatening conditions, hospitalization, permanent disability, or death each year from vaccines ("Vaccine Adverse Event Reporting System," n.d.). This a very high number of serious adverse effects per year. It is hard to understand that even with this number so high, discussion of the possible requirement of all children to have vaccines are in debate. Vaccines should not be required for children because the government…
economic controversy that surrounds pharmaceutical have evolved into more complex and politicized because of the increase in worldwide trade. Pharmaceuticals draw in many parties, including patients, physicians, other health workers, manufacturers and drug sellers. The complicatedness of managing pharmaceutical, the large number of concerned one with a vested interest complicated and the financial worth of the product makes pharmaceutical systems defenseless. The field also associates important…
important benefit of pharmaceutical drugs is the fact that it helps enhance one’s health. There have been great health outcomes from using the drugs. According to the U.S. Bureau of Labor Statistics (2012), the pharmaceutical industry has helped to develop and produce products that help treat a variety of diseases in which saving millions of lives and helping people suffering from diseases and illnesses to recover and lead more productive lives. In order to get these drugs to be sold to…
analyze pharmaceutical drug abuse within the United States and Canada. For the reason that I am unaware of the ‘war on drugs’ within Canada and want to find similarities and differences within statistics of pharmaceutical drug abusers within each nation. What is pharmaceutical drug abuse? It is when you ‘abuse’ a medication that was received from a legal doctor, essentially misusing it for other purposes such as reducing side effects from another drug, getting high from the drug, or taking the…
to provide for those who are medically prescribed. Though particular drugs are manufactured with certain psychoactive chemicals and have been made available by prescription under the United States Food and Drug Administration for some time now, all of these drugs have harder impacts on the people who use them, prescribed or non-prescribed, physically as well as mentally, and on practically all functions of the body. Stimulant drugs that are…
One might assume that counterfeit pharmaceuticals wouldn’t pose as such a large problem due to stringent government programs such as the FDA. But, unfortunately, these drugs sneak under the FDA radar and aren’t regulated in the slightest. The FDA is the Food and Drug Administration and it is responsible for monitoring the safety, efficacy, quality and security of a variety of products distributed across America and other US territories. Their aim as an organization is to inform and educate…
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).…