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Pages:
1 page/≈275 words
Sources:
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Style:
APA
Subject:
Health, Medicine, Nursing
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 4.32
Topic:

Prescription Costs.Find a scholarly article on the cost of medications

Essay Instructions:

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

Essay Sample Content Preview:

Prescription Costs
Student’s Name
Institutional Affiliation

Prescription 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.
Pharmaceutical costs should be regulated to save many Americans from falling prey to manufacturers, who set high prices to maximize their profits. Notably, price controls are significant since they set a price threshold in which the seller cannot go beyond. That way, medication costs remain in a range that the majority of individuals can afford. For instance, organizations such as the National Average Drug Acquisition Cost (NADAC), should be given powers to regulate the cost of drugs in the USA.
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