The Continued Increase in Pharmaceutical Prices
They are as important as oxygen is to us. These drugs are manufactured by pharmaceutical companies which may deal with generic or brand medications as well as medical services and machines. Pharmacists determine the amounts to be used for various conditions as well as the duration that one is supposed to use them. Preventive drugs are used to protect against diseases while curative are used to treat certain medical conditions.
The prices frequently increase after they are already in the market hence by far exceeding the rate of inflation. The only issue is that the price of the same medication increases gradually over a short time period The efforts too are significantly massive from the pharmaceutical’s side. 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.
Different factors are weighed but the main one is clinical value involved. The haves and have-nots are again divided by this. This results to a high number of prescriptions written as well as a high cost of drugs prescribed. Vows to lower drug prices by government leaders have been made but there has not been any concrete approaches for doing so.
If we surely want cures for these devastating and killer diseases then we have to pay for them. An estimated overall cost for developing a new drug is roughly $2.6 billion. These two prices differ since the processes in the middle must be paid for whereby the final consumer is the one who 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.
In other cases, physicians purchase the drugs through an intermediary or a wholesaler. 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.
With all these factors illustrating the essence of high pharmaceutical prices, it is important for the bodies involved in price regulation to diligently follow up and make sure that the common man receives better terms of drug acquisition. Life is sacred and illnesses tend to put us in danger of losing it. This will go a long way in steadying the prices largely. Again, everything is contaminated ranging from the air that we breathe all the way to the health risk that comes with the machines that we operate. Lives lost through lack of quality pharmaceutical products will heavily be reduced.
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