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Posted: February 24th, 2022
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How do you assume you possibly can foyer the pharmaceutical corporations to take part in a complete healthcare program that features prescriptions, with or with out a co-pay tier? . Presently, the pharmaceutical business is essentially based mostly on quantity, and pharmaceutical corporations are incentivized to promote as many tablets as doable, on the highest worth. That is primarily because of the value related to analysis and improvement. As soon as a drug is FDA authorized, the patent lasts for roughly 13 years. This implies the pharmaceutical firm solely has a short while to recuperate analysis and improvement bills and switch a revenue earlier than anybody within the business can manufacture the identical drug in generic type. It simply appears to me there is no such thing as a incentive for the pharmaceutical business to take part in any healthcare program that may have a unfavorable fiscal affect on their backside line.
References
Drug Patents and Generic Pharmaceutical Medicine. Retrieved from www.news-medical.internet/well being/Drug-Patents-and-Generics.aspx
Milstead, J. A. & Brief, N. M. (2019). Well being coverage and politics: A nurse’s information (sixth ed.). Burlington, MA: Jones and Bartlett Publishers.
Thorton, Grant. (2017). Well being Care and Life Sciences; Reasonably priced Care Act – Prescribed drugs. Retrieved from /www.grantthornton.com/library/articles/health-care/2017/affordable-care-act-impact-pharmaceuticals.aspx
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