The Continued Increase in Pharmaceutical Prices
Pharmaceutical drugs are one of the major health care services that a normal human being requires. These drugs are manufactured by pharmaceutical companies which may deal with generic or brand medications as well as medical services and machines. They are important people in the society. These drugs may be curative, preventive, rehabilitative as well as palliative drugs.
The prices frequently increase after they are already in the market hence by far exceeding the rate of inflation. We have known pharmaceutical products to be expensive. Evidently, the federal governments fund this process but the pharmaceutical companies pocket out a lot of money too. The efforts of testing a drug with no guarantee that it will work.
Marketing these drugs is also not a walk in the park hence these adds up to the increasing prices of drugs on an everyday basis. The primary issue here is the reason as to why when already in the market the prices keep increasing and heading upwards.
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Determining the price of a new drug involves both science and art. These diseases can affect anyone but only those with monetary resources are better placed to get medication. This results to a high number of prescriptions written as well as a high cost of drugs prescribed. The commoners demand and require that the price of health care services be affordable to enable save lives.
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As usual, pharmaceutical companies justify the cost of these drugs as necessary to support and develop innovative treatments. When it comes to selling the drug the pricing if far much overboard. Drugs may have different prices; one from the manufacturer and one that the ultimate consumer pays. Whether the insurer is private or public, he or she either pays; the pharmacist directly, the manufacturer or an intermediary depending on the type of drug.
After the specific drugs get to the ultimate consumer, the reimbursements are then made by the insurer. A customer is frequently regarded to as the king as he or she determines what he or she wants. The decision on pricing ,quantity too be administered is solely vested on the physicists.
Residents need a fair dealing when it comes to medical and pharmaceutical services. Life is sacred and illnesses tend to put us in danger of losing it. The government bodies should also reduce the tax regulations for shipping in pharmaceutical products into countries. Highly stringent regulated laws should be employed so as to curb this inflation issue. It is evident that by controlling the prices, more patients will be able to save money as well as afford quality health care services.