Preview

Daraprim Pros And Cons

Good Essays
Open Document
Open Document
658 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Daraprim Pros And Cons
How would you feel if your everyday medications price went up by hundreds of dollars? Now you’re left to pay the huge cost upfront! This is exactly what happened to the prescription drug called, Daraprim. In Andrew Pollack’s article, “Drug Goes From $13.50 a Tablet to $750, Overnight,” Pollack describes what Daraprim is: “a 62-year-old drug that is the standard of care for treating a life-threatening parasitic infection.” In our society of rapid change, the prescription drug companies are allowing the cost of their medications to be up-charged. Because of the free market in the pharmaceutical companies, this allows them to change their prices when it best suits them. In our world of fast-paced technology and the evolvement of pharmaceuticals, enforcing a cap on prescription drug prices may create an improvement on the physical welfare of current generations and increase the feasibility for individuals to keep up with their everyday expenses. A …show more content…
A way to make it more manageable is to uphold a cap on prescription drugs. By doing so, families have a better chance of saving their money for the more important things in their financial life. This cap can also provide families the opportunity for relief from the stress of the medical issue itself by affording better care. In Lina Marsa’s online article, “The High Cost of Cancer: Your Money or Your Life,” she says, “those on Medicare, are on the hook for 20 percent copays for prescription drugs, which can translate to upward of $20,000 in yearly out-of-pocket costs.” These out-of-pocket costs are an enormous financial burden for the majority of families. The over whelming cost of these prescriptions can be the reason families drain their resources and ultimately lose the capability to keep up with their financial

You May Also Find These Documents Helpful

  • Better Essays

    A New Health Care System

    • 1446 Words
    • 6 Pages

    Hansen, Christopher W. "Perspective on drug costs." Vital Speeches of the Day 70.10 (2004): 1-8. Academic Search Elite. EBSCOhost. University of Iowa, Main Library. 18 Dec. 2004 .…

    • 1446 Words
    • 6 Pages
    Better Essays
  • Good Essays

    Phi 210 Week 6 Quiz

    • 988 Words
    • 4 Pages

    Either the government imposes price controls on the cost of prescription drugs, or the pharmaceutical companies will continue to reap huge profits. Therefore, price controls must be imposed, because we cannot tolerate these huge profits any longer.…

    • 988 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    U. S. citizens pay the highest prescription drug prices in the world. This is an injustice that must be corrected. The "U.S. forbids the import of prescription drugs by anyone other than the original U.S. manufacturer, and even then only when the drugs meet all the approval requirements of the U.S. Food and Drug Administration (FDA)" (Barlett & Steele, 2004). Prescription drug prices are outrageously high in the United States because of the influence of advertising on consumer purchasing, the misleading statements by pharmaceutical companies about the cost of research and development of new drugs, the manipulation of patent laws, the antiquated laws regarding importation of drugs, and the influence of the greedy pharmaceutical companies ' lobby on the Federal government. Prescription drug costs in the United States are unreasonably high, and consumers should have the option to save money by purchasing prescription drugs from reputable companies in Canada and the developed world.…

    • 3401 Words
    • 14 Pages
    Powerful Essays
  • Good Essays

    With the economy on the downward slope there has been a lot of discussion on the rising price of America’s prescription drug costs. In the United States no outside drugs from other countries are allowed to be imported except by individuals for personal use. Each new drug goes through FDA inspections and must pass to be available to the public, and these new patented drugs are basically monopolized by the company that created them. Due to the fact that the company holds the patent they can charge high prices because they have no competition. In Canada, prices of new drugs with held patents are subject to a price ceiling that controls how much a company can charge for their new product. Many consumers in the US desire a similar system as an answer to the high prices of our own prescriptions.…

    • 293 Words
    • 2 Pages
    Good Essays
  • Good Essays

    There was an increase in the wholesale prices of drug products in the year 2008. Government also provided benefits to customers related to drugs, which increased prices of healthcare products and services at an unusual rate. With the increase in the number of aging population, and awareness about health consciousness among people, there is an increase in the number of opportunities available in the markets, which facilitate the growth of the industry (Redman, 2011). There is also an increase in the number of customers in the drug retail industry due to offering of drug insurance, which has increased the revenue and contributed to the GDP of the…

    • 1293 Words
    • 6 Pages
    Good Essays
  • Good Essays

    High costs for chemotherapy and treatments: A weakness in the oncology field is the high costs for purchase and reimbursement of chemotherapy and other treatments. Insurance companies have significantly cut back on the amount they will reimburse for treatments, which in some cases, leaves us not collecting what was paid for the medications. This has become quite the challenge to insure we are being reimbursed enough for the therapies that have been prescribed for our patients by the physicians.…

    • 689 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    A call to action involving DTCA and regulated profits needs to combine all parties of, manufacturers, patients, providers, government, and public and private health plans. Americans need to become more educated and demand for change from people in higher power positions. Asking your primary care doctor is a great starting place to know what you're paying for. Some may argue that physicians are not reliable enough to speak cost because insurance policies differ, and although this is true doctors should know the difference between generic and new on-the-market medication. Doctors should generally not prescribe medication that their patients cannot afford and try to find alternatives. With many similar drugs, there sure has to be some alternatives…

    • 184 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    Prescription drugs are drugs that save millions of people's lives everyday. Many people depend on these things in order to keep them alive. Although, major pharmaceuticals companies view this as a very dependable way of receiving capital, having to need these things in order to live another day. Since people most of time need this drug in order to survive they are willing to pay thousands of dollars just so they could live another day. There are many people who require these specific things in order to survive. When it comes corrupt CEO’s, companies, and statistics the prescription drug business is going down hill.…

    • 516 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Turing says the high price is needed to fund research and development of new drugs. But for a drug that has worked for over sixty years, doctors wonder why any change was needed.…

    • 174 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    The high price of cancer care is increasingly on the minds of patients, physicians, and US taxpayers. Medicare costs are projected to grow at unprecedented levels over the next few decades, consuming 24% of all tax revenue by 2030—up from 11% today…

    • 846 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    My article was about a drug called Daraprim that has just seen huge increases in price. This drug is fairly specialized and so has very few alternatives. I believe that this is why the producers are able to increase the price to such height. In class we have looked at competitive markets, where most product is sold at or near equilibrium price, which is set by where the supply and demand curves intersect.…

    • 221 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    In september Martin announced the change in price for the Daraprim drug and had raised it a whopping %5000 compared to what it was just prior at 13:50 US dollars had jumped to 750 Us dollars. This started a media outrage and angered many users of the Daraprim drug as getting a month's supply of the drug had become insanely expensive. This shouldn’t have been able to occur in the first place and there should have been laws…

    • 633 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Prescription Drug Reform

    • 1381 Words
    • 6 Pages

    According to USA Today in 2011 prescription drugs grossed over 320 billion dollars in sales. With the major contributors being the Elderly and helping save on some of the cost coming from more widespread use of generic prescription use. (“Prescription Drug Spending was flat in 2011,” 2012). The cost of prescription drugs can be scary when paying out of pocket. There are can be times that a particular drug is needed and if it is a newer drug, there isn’t a generic option for the first five years of the drugs inception.…

    • 1381 Words
    • 6 Pages
    Better Essays
  • Good Essays

    Finding long-term drugs at low prices has been a dilemma for many individuals in the general population. However, these set prices—more often than not—are usually seen as obscene and unorthodox due to their low supply compared to such high demand, rendering a deficit in quantity demanded for a large number of consumers. As a conflict, contrary to what many would hope for, a vast number of drugs are not extensive which then cause the pricing methods to be rigorous. More importantly, several pricing methods were then implemented as a result of diligent regulation of prices such as: value-based pricing and government acquisition (Chen, 2017). Such a dilemma is that of Spark Therapeutics Inc. and Sofia Priebe, a 14 year old girl that has been diagnosed…

    • 762 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Health Care Reform

    • 1041 Words
    • 5 Pages

    Spending issues of prescription medicine have multiple factors involved. The demand for prescription medicine has grown out of control, which leads to the inability for some to afford, especially, the uninsured, and the elderly (Bartholow, 2011).…

    • 1041 Words
    • 5 Pages
    Good Essays