GENIAL STORYTALE INFO
terra gospell
Created on November 20, 2023
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Transcript
Pharmaceutial Companies
Insurnace Companies
Unregulated Medications Cost
Why are Medication costs so High for people?
Drug makers set the tone for the healthcare industry. Their years of research and investments in the drugs can be expensive.
Insurance companies limit what medications they will cover, if patients are eligible for the medications, based off patient medical records, and if there are any generic medications available at at a lower cost.
The government is not involved
Contracts between the suppliers and distrubtors
Drug demand
Competition with other drug companies
The uniqueness of the drug
Drug effectiveness
Pharmacy's Contracts
Generic medications
Monopoly
Healthy Lifestyles
limited Access to medications
Expensive Co-pays
Resolution
How does this affect people?
Nearly 2 billion people globally have no access to essential medicines. This means essential medicines are unavailable, unaffordable, inaccessible, unacceptable, or of low quality for more than a quarter of the population worldwide (Ozawa et al, 2019).
With the drug companies setting their own price, it makes it harder for people with low income and living in poverty to pay for their prescriptions let alone seek healthcare.
Government regulated medications cost
More non-profit drug companies
Drug cost caps
Give generic drug companies access to the market sooner
Ban inflation drug rates
Tax deductions for drug makers that keep medications cost low
Low-Income
Elderly
Poverty
People stop seeking healthcare
Ozawa, Sachiko, et al. “Access to Medicines through Health Systems in Low- and Middle-Income Countries.” Health Policy and Planning, vol. 34, no. Supplement_3, 2019, pp. iii1–iii3, https://doi.org10.1093/heapol/czz119.
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