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Essay / Research Paper Abstract
8 pages in length. There exist a number of elements that significantly influence global economy, not the least of which is that of health care. As well, the issues surrounding the health care system comprise a program that is both monetarily inflated and gravely lacking in patient concern. The writer discusses how this ongoing propensity to increase prices while at the same time decreasing service and attention have caused the health care system to become a considerable burden upon the global economy, including the pharmaceutical industry, health maintenance organizations (HMOs) and the impact of AIDS. Bibliography lists 6 sources.
Page Count:
8 pages (~225 words per page)
File: LM1_TLChcare.doc
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system comprise a program that is both monetarily inflated and gravely lacking in patient concern. This ongoing propensity to increase prices while at the same time decreasing service and
attention have caused the health care system to become a considerable burden upon the global economy, including the pharmaceutical industry, health maintenance organizations (HMOs) and the impact of AIDS. There
is no secret behind the reason why medications are often outrageously priced: they are a necessary element of a large percentage of people who have no other alternative but to
succumb to the pharmaceutical industrys high-yielding profit margins. "Drug prices present special problems for older Americans who are on Medicare, [which] does not cover drugs...So people know to the
penny what they spend on drugs" (Smith 10). As the new millennium approaches, one can only surmise that the issue of drug pricing within the pharmaceutical industry will continue
as being one of the top consumer concerns. It can be argued that marketing strategies within the pharmaceutical industry will not be diverted, as it will present inspired methods
in order to reach for even highest profit margins in the global economy. "But in todays marketplace, its so competitive that unless you can show overwhelming evidence that yours
is the best product, [healthcare providers] will just use a cheaper product, and then if it doesnt work, theyll go to your product as a secondary" (Smith 10).
Not unlike other industries that rely upon a positive bottom line to remain competitive, the pharmaceutical industry is faced with ever-mounting competition in this day
of high medical costs and escalating insurance premiums. Staying within the industry edge is as much of a concern for the pharmaceutical companies as it is for any other
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