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Essay / Research Paper Abstract
13 pages in length. The writer discusses the reason why drug-pricing strategies often preclude people from obtaining the medication they need. Issues addressed include unregulated pricing, marketing, ethics and universal health care. Bibliography lists 13 sources.
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13 pages (~225 words per page)
File: LM1_TLCdrgs.doc
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Unformatted sample text from the term paper:
more expensive than all the drugs he was taking prior to surgery. One of the most frustrating things about it was that Stans insurance did not cover any part
of the most expensive heart medication, which cost him several hundred dollars each time he refilled the prescription. His wife, Arline, who was taking a number of medications for
her own conditions, found that on several occasions she was unable to afford a particular prescription due to its exorbitant price tag. Neither one could understand why the pharmaceutical
industry insists upon making it so difficult for the consumer to effectively make ends meet when it comes to drug pricing. I. THE HIGH PRICE OF STAYING ALIVE 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, 1996, p. 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. "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, 1996, p. 10).
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