Control and Prevention 44 people die each day in the United States of America due to an overdose of a prescription painkiller (“Joining the Fight”, n.d.). A staggering 2.1 million people in the United States suffer from substance abuse disorders and the number of people using opioids for nonmedical uses is continuing to rise (Volkow, 2014). Who is to blame for these outrageous numbers? I believe that the patient and the pharmaceutical companies are to blame for this on-growing problem. Some of the
The Social Media Consumers Health The social media industry’s fast development over the last decade has been changing prescription drugs advertising because most pharmaceutical companies are aware that many American consumers are regularly using social media platforms. For example, according to Kees et al. “Barely or Fairly Balancing Drug Risks? Content and Format Effects in Direct-To-Consumer Online Prescription Drug Promotions” 37% of Americans searched the internet for information on prescription
in the United States? This is a fair question considering citizens of other countries pay much less for their medications than those in the US. For example, Jevtana, a medication used to treat prostate cancer costs $8,659 for 30 mg through Medicare. However, across the border in Ontario, the same dose costs $4,618 [5]. In another well publicized case, the price of Daraprim, an antifungal medication, was raised from $13.50 a pill to $750 a pill after being acquired by Turing Pharmaceuticals. That is
The global pharmaceutical industry is one that is seen to be riddled with misunderstanding and confusion; however, many of the questions emerging companies have can be answered by a thorough analysis of this industry and how these companies compare to one another on many different fronts. Analyzing the global pharmaceutical industry can bring to light how we in the United States compare on the grounds of industry attractiveness to our global counterparts. Looking at Porter’s Five Forces model and
Yes, there is an impact on the pharmaceutical company, like those in the US as a result of differential prices between that country and other nations. The prices of drugs by Pharmaceutical companies are dependent on various costs such as Production, Cost of R&D, Marketing & Distribution and Demand for the Drug4. The Governments are the bulk purchasers of these drugs and the various government regulations determine the price that the pharmaceutical companies can charge. This varies from country
Solutions for the spiraling prices of pharmaceuticals. Pharmaceutical companies are one of the fastest growing businesses in the United States, because individuals want to be healthy and live longer. In order to stay healthy, individuals are more likely to have multiple prescriptions or over-the-counter medication, especially the elderly. Every month, about half of the population of Americans take different forms of medication such as, vitamins, birth control or antibiotics. These different forms
would go bankrupt or die if they cannot afford the drugs. Drug companies need to stop being greedy, selfish, and uncaring. These drugs are expensive, however, many Americans cannot afford these prices. The increasing cost of prescription drugs in the United States has become a source of concern for million of patients. They are taking advantage of innocent elders, consumers are unable to purchase prescription drugs, and the pharmaceutical industry is contributing to the high price of prescription drugs
Eventually, the Anthrax attacks against the United States built more pressure on the nation to finally cancel out its claim to the WTO. Smallman and brown claim that after the Anthrax attacks (in which five people were killed) The U.S. government debated producing a generic medication of ciprofloxacin so those affected could afford the medication (Smallman). United States’ decision to provide an affordable alternative to treat Anthrax made it difficult to
Letting pharmaceutical companies monopolize the industry, price gouging our elderly, making people choose between purchasing needed medications and groceries. Why are people being forced to choose between their health and their homes? We are America, the land of the free, opportunity, and now the land of greed! What is the reason behind the high-priced medications and how do pharmaceutical companies justify their horrific cost. How, as Americans do we deal with the rising pharmaceutical cost? It’s
Healthcare costs in the United States is growing at an alarming rate. For many Americans, getting sick in America is a financial death sentence. A survey of 5,700 people released by the Federal Reserve reported that 46% of working Americans cannot pay an emergency expense costing $400 or more without borrowing money or selling their property (El Issa, 2015). It is important to recognize the different factors that contribute to the rise in healthcare costs as the healthcare industry is a vital source