Healthcare and the Pharmaceutical Industry as a Business Model

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HSA 500-Assignment 5 Health Care By: Catherine Carr HSA 500 Strayer University December 10. 2012 From the video, assess how regulations in the U.S. impact the claims and facts presented in this video. Hypothesize where you think the biggest opportunity will be for the pharmaceutical companies. By 2020 the pharmaceutical market is anticipated to more than double to US$1.3 trillion, with the E7 countries — Brazil, China, India, Indonesia, Mexico, Russia and Turkey — accounting around for one fifth of global pharmaceutical sales. Further, incidence of chronic conditions in the developing world will increasingly resemble those of the developed world. Pharma by 2020 indicates that the current…show more content…
According to Williams and Torrens (2010), there are an estimated 50 million people which includes children that are uninsured. The lack of access to care leads to the compromise of the quality of care, especially for the uninsured. A recent study of the uninsured has shown that they receive only about half as much care as people who are continuously insured. Several studies have shown that when they have a serious disease the diagnosis is not received promptly, nor do they get a more innovative and expensive treatment, according to Slutsky (2007), The pharmaceutical industry issues are endless. As much as the government tries to contain and develop the guidelines for the production of what can improve and extend life lines the market controls pricing, which varies internationally. Of the underinsured, there is the Medicare beneficiaries who cannot afford prescription drugs or long term care services due to lack of coverage. The more innovative and experimental drugs are too expensive and not covered by Medicare or Medicaid. One of the major challenges that health care system faces in the role of General practitioners and attracting students for residency in this field. There is a major shortage of nurses and primary physicians. Ironically, there are not enough slots for residency programs due to cut backs made by Medicare. The challenge is attracting, training, motivating and retaining personnel. Indentify
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