Flaws of the Pharmaceutical System Essays

The twenty-first century has seen pharmaceutical companies grow in unprecedented size and strength. Due to the unprecedented growth the larger pharmaceutical companies have gained leverage and power in the prescription drug industry, but they lack innovation to market and they seek ways to help the business continue to increase its profits. The pharmaceutical industry was once ethically sound and was a valuable player in the development of human health. However, overtime with the lack of innovation pharmaceutical companies are becoming an unethical market that exploits patients, doctors and anyone else it can to increase its profitability. With eyes only on profitability this can create a hazard for patients because there

Annually, the US spends $300 billion dollars on pharmaceutical drugs. This is due to the over-diagnosing of certain conditions. Everyday, Americans are exposed to an enormous amount of advertisements for medications of all kinds. For example, 1 in 10 Americans are taking

Everybody reaches out of pocket to pay for different prescription drugs. Parents for children, elderly for health conditions, and pet owners for pets, but there is one extensive concern; the price and outcomes. Transiently, it may be common for someone to come out of pocket for some prescriptions, but when people draw out of pocket every time just to pick up a prescription drug, it becomes annoying and upsetting. Pharmaceutical companies like CVS and Walgreens collect over $1,000,000 dollars just from gouging people for medications. According to David Belk (M.D.), Pharmacies buy medication in mass from pharmaceutical corporations and suppliers, then sell for a profit. What everyone is trying to ask the companies though is why. Why would a top-producing company like CVS or Walgreens sell expensive medications to a group of people like the elderly for profit?

The prices of prescription drugs in the United States are by far the highest in the world. [1] On average, Europeans pay 40% less than Americans for the same medications. [2] Consumers have been resorting to several ways, sometimes putting themselves in harm’s way, to alleviate the burden of high prescription drug costs. Some buy their medications online or cross the borders to neighboring countries so they would be able to afford buying their needed medications. Others have resorted to the illegal act of selling their unused medications in online forums just to recover part of their expenses. Many factors contribute to the increased drug prices in the United States including research and

Anyone who has purchased prescription medications has probably wondered why they cost so much, and rightfully so. Medication prices in the United States have been on a steady increase for decades, however, prices have been drastically increasing as of recent. Pharmaceutical companies have tried to justify these price increases due to the demand, the high cost of research, and the high costs of development and approval. Notwithstanding, the extent to which the prices have increased is not justifiable. Americans should be against these high medication prices and take action because pharmaceutical companies are taking advantage of our healthcare system in order to capitalize from the sick. In order shed some light on this issue, the magnitude, scope, and consequences of these prices must be examined.

Nearly 7 in 10 Americans use prescribed drugs, for several reasons, everyday. Prescription drugs have become a huge problem to America's health care system due to their exponentially rising price - so America must ask ourselves why prescribed drugs are so expensive, how these prices affect us, and how we can fix these dangerously high prices.

Anyone who has purchased prescription medications has probably wondered why they cost so much, and rightfully so. Medication prices in the United States have been on a steady increase for decades, however, prices have been drastically increasing as of recent. Pharmaceutical companies have tried to justify these price increases due to the demand, the high cost of research, and the high costs of development and approval. Notwithstanding, the extent to which the prices have increased is not justifiable. Americans should be against these high medication prices and take action because pharmaceutical companies are taking advantage of our health care system in order to capitalize from the sick. In order shed some light on this issue, we must examine the magnitude, scope, and consequences of these rises in price.

U. S. citizens pay the highest prescription drug prices in the world. This is an injustice that must be corrected. The "U.S. forbids the import of prescription drugs by anyone other than the original U.S. manufacturer, and even then only when the drugs meet all the approval requirements of the U.S. Food and Drug Administration (FDA)" (Barlett & Steele, 2004). Prescription drug prices are outrageously high in the United States because of the influence of advertising on consumer purchasing, the misleading statements by pharmaceutical companies about the cost of research and development of new drugs, the manipulation of patent laws, the antiquated laws regarding importation of

The purpose of medicine is as contested of a notion as the term patient. While there are certain ends in which it is clear that medicine seeks to achieve, controversy often arises over how medicine chooses to achieve these certain goals. One such controversy is the treatment of patient-symptoms, more specifically, the role of medication in treating patients. The purpose of this essay is not to discuss the general issues of prescribing medication. Rather, the purpose is

Other opponents charge that the high prices of drugs aren’t examples of price gouging at all, but necessary increases for drug makers to recoup costs of research and development. Yet a Health Affairs study shows otherwise: enough money is made by US drug companies that they could cover research and development and still save “US patients, businesses, and taxpayers approximately $40 billion” per year, if they operated like the rest of the world.

The rising cost of prescriptions in the United States has become a huge threat to patients and to owners of hospitals. Most pharmacy companies are buying drugs that are undervalued, then they are raising the prices up to gain more profit. Even some companies admit to rising the cost up 212% (AHA, 2015). The more the cost of prescriptions go up, the greater chance there is that people will give up on taking the drugs and just suffer through or buy over the counter medicines. The purpose of this paper is the inform people of the affects and consequences of these drugs beginning to rise in costs. Lives can

The rise in costs of prescription medicines affects all sectors of the health care industry, including private insurers, public programs, and patients. Spending on prescription drugs continues to be an important health care concern, particularly in light of rising pharmaceutical costs, the aging population, and increased use of costly specialty drugs. In recent history, increases in prescription drug costs have outpaced other categories of health care spending, rising rapidly throughout the latter half of the 1990s and early 2000s. (Kaiseredu.org, 2012).

In the business of drug production over the years, there have been astronomical gains in the technology of pharmaceutical drugs. More and more drugs are being made for diseases and viruses each day, and there are many more drugs still undergoing research and testing. These "miracle" drugs are expensive, however, and many Americans cannot afford these prices.

The cost of prescription drugs in America has risen to a level that most Americans could not afford them without the help of an insurance plan. The greedy and capitalistic pharmaceutical companies rely on the United States to fund the future development of drugs with skyrocketing prices. Public health costs are bankrupting individual Americans and posing serious challenges to the city, state, and federal budgets. Some people are even going to Canada and Europe to buy prescription drugs. A numbers of Americans are forced to choose lower-priced drugs rather than expensive prescription drugs as their first line of defense against illness. The FDA is fighting both initiatives saying “they cannot guarantee the safety of imported drugs and challenging both the safety and effectiveness of many dietary supplements”. (by. Wyn Snow)

In terms of the health care professionals, their prescription habits have to be formed around the general concerns and considerations of the patients. When certain economic events like increase in oil prices happen, the general patients tend to lower their expenses on other fields. So, generally in the times of events like this, patients tend to look for drugs and treatment solutions that are less expensive, but they do not want to compromise the efficiency of a drug (Datta and Dave, 2016, p.468). This is when the cost factor becomes the primary concern of the doctors’ prescription decisions. HCRs have to prescribe drugs that are least expensive but equally effective. This also forces the pharmaceutical industry to lower their drug prices by changing some elements of the drugs during manufacture.