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Getting Out Of Reach - Essay

Getting Out Of Reach

Prescription drug prices are rising much faster than the rate of general consumer inflation. The most heavily affected are those who can least afford it, like older Americans living on fixed incomes, and the working poor with inadequate or no health insurance. The rise in drug prices is causing the public to ask why. The reasons include the immense research costs, consumer advertising and the growth of managed care. The continue rise in prescription drugs costs has touched off intense public debate on how best people can get some relief. Some politicians and consumer groups have pushed for some form of price controls. Drug companies oppose price regulations. They contend it would restrain ...

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drug prices directly because they purchase prescription medicines through their employee health plans or their HMOs, where they do not pay the full price, often making only a $10 or $20 co-payments. The rise in drug prices does hit this group indirectly. Many health insures have blamed higher drug cost as the reason behind hikes in medical premiums or restriction of benefits. One reason why retail prices are going up is hat the new generation of drugs is expensive to produce. The cost of research and developments are high. Creating a complex, genetically engineered drug versus producing a conventional drug is like the difference between manufacturing a Ford Escort car and designing a fine German Mercedes-Benz. Indeed, the process of taking a drug from the laboratory to the patient is a lengthy one, requiring years and costing millions of dollars. And success is not guaranteed. Often there is a huge difference between how a drug behaves in the test tube and how it acts on humans. ...

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Getting Out Of Reach. (2005, April 17). Retrieved December 23, 2024, from http://www.essayworld.com/essays/Getting-Out-Of-Reach/25482

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PAPER DETAILS

Added: 4/17/2005 12:51:21 AM
Category: Political Science
Type: Premium Paper
Words: 815
Pages: 3

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