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Essay / Research Paper Abstract
This 6 page paper discusses the high costs of American pharmaceuticals, offers solutions for reform and compares the industry to industries in other countries. Bibliography lists 6 sources.
Page Count:
6 pages (~225 words per page)
File: D0_MBdrugind.rtf
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Unformatted sample text from the term paper:
will attest, the involvement of the government in the production and regulation of drugs has been a double-edged sword leaving taxpayers, patients and doctors wondering if true progress had been
made. America, after years of struggling with world identity was finally at the top of the heap, or was it? Race riots, forest fires, avarice, greed, oppression of women. Sound
like something cut from todays headlines? Think again. It was all a part of the cultural, socio-economic, and political climate ironically called, The Progressive Era. However, there were such reforms
that came from such upheaval during this time that some say that it offset the tragedies. One of these reforms would be national healthcare policies. Today, the United States
has a wide and vast network of healthcare agencies who deal with everyone at every level of economic success. Those who are not able to provide the necessary support to
cover their own medical health are offered low cost or government subsidized programs. However, as time has worn on, several issues have arisen to make many taxpayers wonder if the
United States was a bit too hasty to take this route. Tommy Thompson, the former Wisconsin governor, and the then secretary of Health and Human Services, proposed most recently that
the "government should subsidize prescription drug spending for all 40 million Americans over the age of 65 - whether they need it or not"(Ayn Rand Institution, 2003). However, as
several experts point out, this is a very bad idea for several reasons. When the government becomes involved in regulating the drug industry to the extent that they set the
limit on how much they will pay for certain prescriptions, then those price controls only serve to stifle the money the companies use to fund their research for new drugs.
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