Positive And Negative Externality Of Prescription Drugs

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

As we advance in our healthcare system and continue to find cure for the deadly diseases we are also faced with prescription drug prices rising much faster than they were a few years back. Drug prices are increasing at an unmaintainable rate without any sign of reduction. People who are heavily affected by this rise are mostly elderly citizens and also the poor of this country because they can barely afford these expenses. These people either have no money to pay for their copays or no health insurances at all.

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.

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.

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

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.

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

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.

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.

Both health care organization and individuals, who purchase and consume prescription drugs can play a great role in reducing the nation’s total prescription drug expenditures as well as individual expenses. Since 2004, one out of every ten dollars on health care has been spent on prescription drugs since 2004 follow-on a sharp increase in 12.2 percent in 2014 (Kennedy & Morgan, 2009). This figure indicates that while the U.S. health care gets the best technology and infrastructures in treating its nations, there is an undeniable increase in health care cost, especially, in prescription drugs.

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

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.

Prescription drugs all around are very expensive, but without out them some of us would not be able to say we are alive. We can still see the price of these prescription drugs go through the roof as we speak. Although most of low-income workers can barely afford medicine and drugs, one way or another, we make it work because without it we would be dead. Although having insurance covers a lot of our medical health expenses, such as medical bills, prescription bills, hospital bills and things of this nature. As the cost of prescriptions keep going up, sometimes our insurance companies cannot cover the cost because they have hit their Cap of money able to spend. Some insurance companies have Cap for a person or a cap for a whole family it can be yearly or annually it just depends on the “deal” you worked out with your insurance provider. Most families, like my own make due to cover the cost of having insurance, yet we have to still be able to cover what remains of the prescription cost if we want to live. Money sometimes is very tight and meeting these necessary financial situations get tough.