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The High Price Of Drugs In America. The High Price of Drugs in the United States
When we speak about prescription drugs, we have to consider the high cost vs. ...
... Then by the time the drugs are able to be ... for by Americans and thus Europe's initial
price is far ... In addition, the transition of high valued jobs is creating ...
... Due to the high prices of prescription medication, US ... While importing these drugs
is illegal, Americans are ... their medications at a significantly lower price. ...
... In the past year, the population in America's jails and ... for the product and the already
high price the product ... real jobs or move on harder drugs which could be ...
... to let the free market set the price of drugs, many which are life-saving drugs,
is an ... due to the inability to afford the unnecessarily high prices of ...
Submitted by LizaLiza1986 on February 27, 2008
Category: Social Issues
Words: 1641 | Pages: 7
Views: 84
Popularity Rank: 100,188
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The High Price of Drugs in the United States
When we speak about prescription drugs, we have to consider the high cost vs. the affects on the lives of patients in the United States. The population that is most affected from this are the disabled and senior citizens. Research based companies turn out a constant supply of new medicines that lengthen life, enhance its quality, and prevent more expensive medical care. These same companies claim that it is expensive to produce drugs due to the high cost of research and development.
In the process of producing a new medication, we have to see that the results of research and development involves many years, thousands of experimentations with animals and then with humans in different parts of the world. The next stage is to put together all the results and then the companies can determine if it is worth to produce and market. At this point, if the company decides to mass-produce the drug, it has to file for a patent with the government. Every patent has a specific time and period of exclusivity.
In order to understand why some companies charge more than others for the same drugs, we need to reflect on the complete process and its cost. For some medicines, this process could mean millions of dollars and many years. However, this allows the company to produce a "brand name medicine", which is the most expensive type of medicine. Sometimes, this same company produces the same medication with the chemical name and chare less for them, and thus generic medications are made. Once the period expires, then all other companies can produce a cheaper cost drug, since it did not have to spend on research and development.
One must note that in the process of development and producing a medication, the government imposes many regulations and restrictions. This also drives the cost up. For generic medications, government rules are not very stern, and that is why the cost is low....
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