Health Care Reform Project

Topics: Drug addiction, Pharmacology, Addiction Pages: 5 (1563 words) Published: November 10, 2013


Health Care Reform Project
YOURNAME
CLASS
DATE
PRESENTED TO

Health Care Reform Project
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 for the reasons their doctors prescribe them.   An estimated 20% of people in the United States have used prescription drugs for nonmedical reasons; this prescription drug abuse is a serious and growing problem (Harv Health Lett, 2012).   This information will explain the spending cost of prescription drugs are increasing, how to control the addiction of prescription drugs better among the elderly and those just addicted, and some ways to cut prescription drug cost.   The information will further explain why prescription drug abuse is on the rise, why most of expenses of prescription drugs have a negative impact on health care, and how to control or reduce some of the spending of prescription drugs in America. Description of Articles 

Prescription drugs are a highly regulated industry in the United States.   Strict FDA guidelines to the research, development, testing, sale, and consumption have a direct impact on the supply curve.   Drug manufacturers invest years and millions of dollars in research and development of new drugs and own long-lasting patents on new drug production.   Once these drugs have passed the various levels of FDA approval, drug manufacturers market these to consumers who begin making the demand curve.   Limited supply, regulatory compliance, and research costs put upward pressure on price.    Prescription drugs whose patents have expired are highly elastic; however, prescription drugs whose patents still exist are highly inelastic.   Many consumers will substitute generic brands for drugs that have had their patents expire.   These generic drugs can be produced at a much lower cost and yet still contain the active ingredients and FDA approval to their brand name equivalent.   As a result, supply increases along with demand and puts downward pressure on price.   Because there are no substitutes for patented drugs, consumers have no choice but to pay the higher prices determined by supply and demand markets.    United States drug manufacturers are in constant war to protect their patented drugs from the global prescription drug marketplace to maintain the market price.   Many non-FDA approved drugs can be produced internationally and sold at a substantially reduced cost to consumers, essentially creating a black market.   These drugs enter the US market often unnoticed by having a near identical appearance.   As a result, there is an increased demand for these cheaper branded substitutes where consumers are choosing price over perceived quality.   Drug manufacturers, such as Lilly or Merck, spend millions of dollars on legal fees to uphold their patents and ensure consumers a consistent quality of an FDA approved drug at a higher price. Solution 1 

Concerning prescription drugs some people think just because a doctor prescribes the patient the medication it is safe but when an individual miss uses a certain type of drug just because he or she get some type of an effect from it becomes dangerous.   This is a signs that a person is addicted to prescription drugs.   Most of the time when a prescription drug comes in a child proof container there is a chance that the medication in the container is addictive it is like the drug heroin or crystal meth.   A way that a...

References: Ehow. (1999-2012). Prescription Drug Abuse Solutions. Retrieved from:
http://www.ehow.com/info_7923291_solutions-teen-drug-abuse.html 
Getzen, T. E., & Moore, J. (2007). Health care economics: Principles and tools for the health   
care industry (2nd ed.)
Harve Health Lett, 2012 Aug; 37(10):8.   No abstract available. PMID: 22991736 [PubMed
indexed for MEDLINE] 
Rettner, R. (2012, June 21). Prescription drug problem sparks debate over solutions [Web log comment]. Retrieved from 
http://www.myhealthnewsdaily.com/2748-prescription-drug-abuse-solutions.html
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • The Patient Protection and Affordable Care Act (PPACA) Essay
  • Health Care Reform Essay
  • Health Care Reform Essay
  • Healthcare reform Essay
  • Healthcare Reform Essay
  • Health Insurance Essay
  • Affordable Care Act Essay
  • The Truth of Obama Care Essay

Become a StudyMode Member

Sign Up - It's Free