Positive And Negative Externality Of Prescription Drugs

One of the greatest problems we face in America today is the use and abuse of drugs in our country. It is important to find a solution that works within our country to combat the growing populations of our nation’s prisons, keep the supply of drugs under control, and have adequate prevention programs in place to help people who need treatment. Throughout reading the material for this course and the research conducted on the topics described in this paper, it is clear that the methods used in earlier years were not able to achieve the results we would like to see. Advocating for reform and the support of the American people can help with the desperate need for change.

Prescription drug prices are on the rise in the United States. Currently, the United States does not implement a price control on prescription drugs. Every day the supply and demand for prescription drugs fluctuates. Pharmaceutical companies produce drugs that are necessary for survival. Therefore, it is necessary for research and development to continue in the United States. Those suffering the effects of exorbitant prices must do so until a generic form of a prescription drug is produced. Once approved by the FDA, new drugs will make their appearance on the market and patients will no longer suffer financially. Until then, it is necessary for pharmaceutical companies to price their drugs based on the idea of supply and demand. This produces the profit used to fund research. Price controls discourage innovation. If a price control were set in place, of course the price of prescription drugs would decrease. However, the development of new drugs decreases with it. Today’s generation would benefit from lower prices, while future generations would suffer from the loss of drug innovation.

Prescribing is defined and the process involving information gathering, clinical decision making, communication and evaluation which then results in the initiation, continuation or cessation of medication/s.

No Drugs, No Problems! That has been the philosophy of the war on drugs, which is a nice idea except when not carried out properly backfires. The idea was to get rid of the supply, but they did not first lower the demand. In economics the supply and demand counterbalance each other; while supply decreases, then demands and price increase and vice versa. When they took away the drugs without reducing the demand and the price skyrocketed, but it didn’t do anything to lower sales of drugs. This won’t work because no matter the price, drugs will be sold. It has no effect, even if you destroy the production

First, I will attempt to analyze the scope of this issue. According to a survey by The Commonwealth Fund, many prices have increased to such a point that in 2012 over twenty-one percent of adult Americans who were prescribed a medication skipped filling their prescriptions or skipped doses because of cost. In addition to this, in a study published in the Journal of the American Medical Association, researchers found that the prevalence of prescription drug use among people twenty and older had risen to fifty-nine percent in 2012. Using the United States Census Bureau, we can find that the United States population in 2012 yielded approximately 315,000,000 American citizens,

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

According to IMS Health (2015) over 4.3 billion prescription drugs were dispensed in the United States and Narconon (2015) reports that the decade ending in 2008 saw a four hundred percent increase in people seeking treatment for opioid addiction. Prescription drug abuse is an epidemic that transcends all socioeconomic boundaries in our society and is destroying lives, families, and whole communities, especially those most vulnerable; the physically and mentally ill. For one to better understand the full social implications of this issue, it is important to first review the history, impacts, and current debates around prescription drug abuse in the United States, and to then evaluate the connections that are formed by the culture, social roles, social inequalities, and social changes in our society.

Illegal drugs such as Heroin, Cocaine, and Meth, along with countless other narcotics place a heavy burden on the population of the United States, with an emphasis of distress on the youth. These drugs are extremely deadly. In 2014, 17,465 people died from overdoses in the United States alone. These drugs are illegal, and evidently for a very good cause. Transition The only problem is that there is an even deadlier factor that exist in today 's modern society, and that problem exists in the form of prescriptions written to millions of people each year from certified and legal doctors. In 2014 the same year stated above, 25,760 people in the United States died from overdoses from drugs that they received legally and often with good intentions, from family doctors that they know and trust (Bellware). That is over 8,000 more people dying from prescription drugs compared to illegal drugs. Prescription drug abuse is a problem in the United States and it is fueled by famous individuals, promotions by pharmaceutical companies and by doctors.

With soaring medication prices, many drug manufactures have the aspiration to increase profits, which have the effect of rising drugs cost and concerning for Americans. Fortunately, both Democrats and Republican have illustrated interest in passing Prescription Drug Affordability Act of 2015. Captivatingly, the act will allow Medicare to consult manufacturers and set affordable prices. Many have also requested to allow of purchasing medication from Canada which currently has lower drug cost. Reports often appear in the popular press about American consumers who go to Canada or Mexico to buy their prescription drugs at a fraction of what they would pay in U.S. pharmacies, even though doing so is illegal (1). By contrast, the United States leads

The Mayo Clinic, a world-renowned education, research, and health facility estimates that over 70% of American rely on at least one prescription drug to treat some form of medical condition. In reality, many of these people rely on multiple prescription drugs to sustain their lives, like drugs to reduce their high blood pressure.

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

Tens of thousands of Americans are now spending more than $100,000 a year on prescription drugs. So they’re paying somewhere around $1,000 per pill. All across this country people are dying from illnesses that can be treated, only because their medicine is too expensive for them to afford. The cost of prescription drugs should and can be lowered. Just think about all the families that are in debt or have lost a loved one because of overpriced prescription drugs. These major health companies have no concern for the well being of others, they don’t care if people are dying because they can’t afford it. All they care about is making a profit and as long as they get it, they’re satisfied.

The purpose of this paper is to address the state of prescription drugs within today’s society, as it relates to areas of development, approval, cost, and competition. There will be look at the benefits, such as continued research may lead to the development of new breakthrough prescription drugs. On the opposite end, there is an in-depth look at the controversies that surround the prescription drug industry. These include the many, often severe side effects that accompany many of these drugs, and how they are allowed to make it past FDA approval, as well as, a look at the rising cost of prescription drugs. Tied with the increasing cost, is a comparative look at the similarities and differences of brand name drugs versus their

The costs of prescription drugs in the United States: pharmacists’ voice must be heard is an article released by the American Journal of Health-System Pharmacy on April 16, 2016. The article addresses the rising cost prescription drugs in today’s society and how healthcare spending affects millions of citizens. The article stated that the reason why healthcare expenditure is rising is due to the aging population and the increasing prevalence of noncommunicable diseases. Without counting severe conditions, chronic conditions are highest in the older population ages 65 and above.

Drug overdoses have quadrupled since 1999 and are still happening. Prescription drug crisis has caused families to not see each other anymore. Prescription drugs are overpowering the United States and need to be stopped. The crisis has gotten out of hand so bad that people are starting to change their living.