Prescription Costs.Find a scholarly article on the cost of medications (Essay Sample)
The amount Americans spend on prescription drugs has nearly doubled since the 1990s, meaning the United States spends the most of any high-income nation. Americans didn't always spend the most. In the 1980s, several countries spent about the same amount per capita as the U.S. The U.S. healthcare spending grew faster in the 1990s. According to the Common Fund (2017), this was partially because several expensive specialty drugs came to market .The drug companies set the price in the United States, unlike in Europe, which has price controls. Americans often pay substantially more for the same drug than people in other countries do.
Report on the factors that contribute to the growth in medications
Include the following aspects in the discussion:
Find a scholarly article on the costs of medications
Explore whether pharmaceuticals should be regulated
Discuss the impact of medication costs for the uninsured
Consider actions that could be taken to reduce medication costs
For sure, the cost of medicines in the United States of America (USA) continues to increase since the 1990s. Partially, the rise in price of prescription drugs can be attributed to the introduction of expensive specialty drugs. Additionally, the lack of medicine price controls in the USA is another reason why the cost of drugs has been increasing tremendously. Yang et al. (2019) affirm that pharmacy costs for hidradenitis suppurative (HS) rose sharply between 2013 and 2018 (Yang, Beck, Bhutani, Feldman, & Shi, 2019). HS is a skin disease that requires more hospitalization than other dermal illnesses.
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