The Pharmaceutical drug companies have a tendency to focus more on the sales and revenue than the research of any given product. This trend leads to misrepresentation of crucial scientific research on products. “A wide variety of research practices has been described as being used to distort the medical literature in favor of a clinical trial sponsor’s pharmaceutical intervention,” (Ross, Gross, & Krumholz, 2012, para. ).But also, not only do the drug companies practice unethical research studies, they spend money pushing products and incentives to physicians for writing the prescriptions for those drugs. That monetary value of those incentives is, often, more than the research on the drug itself. Two companies have been accused, tried, and charged for smudging results and falsifying findings for their benefit. It appears that pharmaceutical companies have interchanged the quest of treating and healing sickness and disease with the sole purpose of making money.…
The Prescription drugs industry is one of my national economy important and special industry. It is closely related to people's health and life security, to protect and improve people's health has played a big role. Also, Industry's profit margin is very considerable. On the other hand, Prescription drug is a special kind of products, has a certain sensitivity, for the quality of the products and technology have very strict requirements. Because it is a direct effects on the human body, is closely related to people's health. The particularity of the industry is that ordinary consumers for the quality of the product and generally difficult to recognize and grasp the nature, generally trusted certification authority. Thus, From my perspective,…
Langreth, R. (2014, May). Big pharma 's favorite prescription: higher prices. , (), . Retrieved from…
References: Williams, S.J, Torrens, P.R., (2008). Chapter 11: The Pharmaceutical Industry. Introduction to Health Services (7th ed).…
For example, the life saving EpiPen has gone up by more than $500, making the current price now around $609 (Khazan). Of course, EpiPens aren’t the only drugs to have their prices skyrocket. For example, the price for Evzio, a drug used to treat opioid overdoses, has risen from $690 to $4,000 as the demand for the product grew (“Why Our Drugs Cost So Much”). Though some people may point out that much of the money goes to research and development, the fact is that they’re still overcharging and leave people unable to afford drugs they desperately need. The median salary for a CEO of a pharmaceutical company is more than any other industry, at a…
Prescription drugs are one of the main increasing costs in health care. It has an impact on the population that could not afford prescription drugs, including brand name. The use of generic and OTC (over-the-counter) drugs gave the underprivileged groups in America a better chance for purchase. People believe that the generic form of the drugs do not have the same effect that brand name drugs do. It is a concern that prescription drug addictions rise in the elderly and the younger groups who use for nonmedical reasons. The availability of drugs is one of the causes of abuse. Most people take medicines only…
Today's pharmaceutical companies provide a powerful impact on the situation of a heroin epidemic in the United States because modern pharmaceutical companies have allowed production of legal, regulated prescription opiates that led to the increase of drug abuse and overdose deaths. Pharmaceutical reps receive big bonuses for pushing their products on doctors, which resulted in they get the large profit and thus forgot for a certain responsibility to their patients. How many lives have been limited by the use of painkillers? Who is responsible for the pain-pill epidemic? How many dreams are not fulfilled? What are the true reasons behind it? Those are questions that befuddle many individuals and experts. Sadly, drug overdoses now kill more…
The world of today and the Brave New World may be more alike than some would have thought. After reading the book and studying the elements within it, I see one thing that is getting us closer to a society like the Brave New World; drugs. Now some people would say I’m crazy for saying this, that there is no way that people of 2017 are that deep into drugs for me to be comparing us to citizens of the brave new world, but those types of people are ones whose minds are not open to new ideas.…
The prescription system have kept many patients in safe keeping in the past history, and continues to save lives today. Started in the 1900 prescriptions were invented, this was the start where people were able to go to their doctors, and the doctors would prescribe the right drug needed for the patient's condition. The prescription system is great because, it helps patients take the right medicine, and they are able to find out the condition of the patient (Robert 1). Some want to get rid of this system, due to the inconvenience of not being able to get their medicine at the right place at the right time (Cassie 1). While some might want to get rid of the prescription drug system, others would say that the idea would lead to more harm than…
The media constantly bombards viewers with the so-called “war on drugs”; indeed the issue that many nations face is one of concern. Due to competition among drug cartels, innocent people suffer injuriously; therefore, these nations wage a theoretical war against the spread and corruption of drugs. However, aside from there being a “war on drugs”, it seems that in today’s modern quest for perfect health, or at least prolonged health, the drug industries in the United States (also addressed as Big Pharma) compete to find and sell the next big drug. These drug industries do not wage war against drugs, instead a “war for drugs”.…
Medicine is so expensive because prices are generally shaped by what the market will bear, drugmakers and some economists argue that price controls or other efforts aimed at slowing spending by targeting profits mean cutting money that could go toward developing the next new cure. A drug’s price should reflect its effectiveness, The “most important factor” that drives prescription drug prices higher in the United States than anywhere else in the world is the existence of government-protected “monopoly” rights for drug manufacturers, researchers at Harvard Medical School report today.…
A problem that affects more than 70% percent of Americans and costs those same Americans over $250 billion annually (Sparks 1). This controversial problem can only be described as the cost of prescription medication. Currently, Americans pay on average $858 annually for prescription medication which is more than 17% percent of total healthcare expenses (Thompson 1). That figure is more than double the average prescription cost across 19 other industrialized countries (Thompson 1). These alarming numbers will also not stop growing, “four of the top ten prescription drugs in the United States have increased in price be more than 100 percent since 2011” (“THE FACTS ABOUT RISING PRESCRIPTION” 2 ). An antimalarial drug was just increased by more than 5,000% from about $13 to $750 (Thompson 2). These rising prices caused more than 35 million Americans to not fill their prescriptions last year (Sanders 1).…
The Industry- The main force is the pharmaceutical industry. With $291 billion in annual sales, the pharmaceutical industry is the fastest-growing and most profitable sector of the US economy, and spending on prescription drugs is the fastest-growing category of health-care expense. Big Pharma spends $3 billion a year marketing drugs directly to consumers, and another $15 billion each year marketing to doctors, who they hope will prescribe their products. The hidden purpose and obvious result is to drive sales of drugs that may not be necessary or appropriate for an individual. Physicians are indeed increasingly likely to write prescriptions.…
Prescription drug abuse and addiction is a growing problem in our society. In 2007 an estimated seven million Americans abused prescription drugs, and almost twenty-eight thousand people died as a result of accidental drug overdose. In the United States drug overdoses are the second leading cause of unintentional deaths (CDC, 2010). Medication prescribed by physicians killed more people in that same than illicit drugs such as heroin and cocaine combined (Harvard, 2011). Many members of our society do not view prescription drugs as dangerous. These medications are prescribed by a physician and purchased at a pharmacy to treat acute or chronic pain (Byrne, Lander, & Ferris, 2009).…
Describing issues of prescription medicine. Prescription medicine affects the health care sector in a profound way. Prescription medicine spending is a concern because of the rise in prescription cost, the aging population, and the advancement of special drugs. The cost increase in prescription drugs exceeds all other growth in other health care categories, including hospital care. Prescription medicine is some cases prevent long-term health care, which assist in a decline of cost in hospital care and surgeries. The 10% share of the health care market that prescription medicine has, although it seems small, continues to have important implications.…