Prescription Medication: A Case Study

Undeniably health care is an expensive industry one key factor that is driving inflation is the cost of prescription medication. According to Custer (2016), one of the major factors that increase health care cost inflation in 2015 was the introduction of new medicines, predominantly those treating conditions such as hepatitis C, cancer, and multiple sclerosis (p. 37). Although the cost of medication is a chief reason for inflating cost; instead of producing a large number of brand name drug place a limit on the production of brand name and upsurge the use of generic medication. In the future inflation can be managed by increasing the use of generic drugs to help alleviate the financial strain on a market that is already under financial