Argumentative Essay On Prescription Drugs

Argumentative Essay On Prescription Drugs-10
Drug company profits weren’t so different from Coca-Cola (20 percent), Bank of New York (19 percent), Mellon Financial (33 percent), Microsoft (29 percent), Oracle (24 percent), or even the publishers of newspapers that routinely attack the industry, such as Gannett (publisher of USA Today--13 percent) and Knight-Ridder (15 percent).

Drug company profits weren’t so different from Coca-Cola (20 percent), Bank of New York (19 percent), Mellon Financial (33 percent), Microsoft (29 percent), Oracle (24 percent), or even the publishers of newspapers that routinely attack the industry, such as Gannett (publisher of USA Today--13 percent) and Knight-Ridder (15 percent).

Tags: Essay American Dream Great GatsbyProblem And Solution Essay ExamplesFord Dissertation 2011Outline For EssaysAnalysis Of Competitors In Business PlanCapital Punishment Essay Benefits Penalty

My own opinion is that importation is probably a bad idea, principally on cost-benefit and social justice grounds, but I respect the opinions and concerns that have been raised on both sides.

The Case for Importation Advocates of importation commonly make five arguments:(1) We have to do something.

Prescription drugs make up only about 10 percent of total health care spending, and their prices are rising more slowly than other, bigger, cost drivers. Generic drugs now make up half the prescription drug market and will continue to increase their market share, so lower-cost drugs are available.(2) Canadian drugs were safe, but they aren’t anymore.

Imports of drugs into Canada from Brazil, Bangladesh, China, South Africa, and even Saudi Arabia and Iran have all increased dramatically in the past year.

The industry’s median profit of 18 percent in 2001 was indeed higher than any other industry, but its investors and shareholders take on more risk than those who invest elsewhere.

According to Fortune magazine, company profits ranged from 28 percent (Amgen) to minus 9 percent (Gemzyne), hardly evidence of collusion or monopoly.

Many people are paying too much for their prescription drugs or can’t afford to buy them at all.

The state of Illinois can’t afford 10 and 12 percent annual increases in the amount it spends on prescription drugs.

Under the recently passed Medicare reform law, people with low incomes or high drug costs can count on Medicare paying all or virtually all of their drug expenses.

The fact that not everyone pays the same price for prescription drugs is not “unfair.” Discriminatory pricing exists because it benefits consumers: more products get sold to willing buyers than if a single price were offered.(5) Drug companies are not evil.

SHOW COMMENTS

Comments Argumentative Essay On Prescription Drugs

The Latest from jbi-cement.ru ©