Health Care Project Part 1
Health Care Reform Project Part I
HCS 440
November 25, 2013
Health Care Reform Project Part I
Team B has chosen prescription drugs for our health care reform project and how our current economic status is influenced. We will give ideas and solutions to show how to decrease the drug pricing. Ways that can be implemented toward a solution. Pharmaceutical company’s need to amend their business practices from a high profit, low development model to a moderate profit, moderate to high development model. Structures and regulation that will explain the competition, barriers to entry, and regulations. Taking a look at drug pricing from different perspective, like cost, research, and development, marketing, and the manufacturing of pharmaceutical drugs. The Monopoly of pricing who is involved, and the curves associated with it. Price discrimination how it changes who’s involved and what the criteria are for groups as well as pricing for individuals. How cost of co pays differ from brand names to generic and how the drug formulates come into play. How to make the system work for everyone that will amount to higher than just a 30-day supply, pharmacy assistance programs, local charity programs, and low income opportunities. Better ways to enforce existing legislation, vote in new legislation, and regulate prices across the board. The above affects the insured and non-insured American’s.
For most American households, paying for health care to include prescription drugs and medical bills has been one of the hardest financial strains out there. According to a report published by (Consumer Reports, 2012), many have cut back on other household expenses or taken potentially dangerous measures with their health to afford their medications. The most affected population is the working-age Americans who do not have prescription drug insurance coverage. More than half of the people who completed the survey requested by Consumer Reports took one or more prescriptions
HCS 440
November 25, 2013
Health Care Reform Project Part I
Team B has chosen prescription drugs for our health care reform project and how our current economic status is influenced. We will give ideas and solutions to show how to decrease the drug pricing. Ways that can be implemented toward a solution. Pharmaceutical company’s need to amend their business practices from a high profit, low development model to a moderate profit, moderate to high development model. Structures and regulation that will explain the competition, barriers to entry, and regulations. Taking a look at drug pricing from different perspective, like cost, research, and development, marketing, and the manufacturing of pharmaceutical drugs. The Monopoly of pricing who is involved, and the curves associated with it. Price discrimination how it changes who’s involved and what the criteria are for groups as well as pricing for individuals. How cost of co pays differ from brand names to generic and how the drug formulates come into play. How to make the system work for everyone that will amount to higher than just a 30-day supply, pharmacy assistance programs, local charity programs, and low income opportunities. Better ways to enforce existing legislation, vote in new legislation, and regulate prices across the board. The above affects the insured and non-insured American’s.
For most American households, paying for health care to include prescription drugs and medical bills has been one of the hardest financial strains out there. According to a report published by (Consumer Reports, 2012), many have cut back on other household expenses or taken potentially dangerous measures with their health to afford their medications. The most affected population is the working-age Americans who do not have prescription drug insurance coverage. More than half of the people who completed the survey requested by Consumer Reports took one or more prescriptions