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GENIAL STORYTALE INFO

terra gospell

Created on November 20, 2023

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Healthy Lifestyles

Monopoly

Generic medications

Pharmacy's Contracts

Drug effectiveness

The uniqueness of the drug

Competition with other drug companies

Drug demand

Contracts between the suppliers and distrubtors

The government is not involved

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.

Drug makers set the tone for the healthcare industry. Their years of research and investments in the drugs can be expensive.

Why are Medication costs so High for people?

Unregulated Medications Cost

Insurnace Companies

Pharmaceutial Companies

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.

People stop seeking healthcare

Poverty

Elderly

Low-Income

Tax deductions for drug makers that keep medications cost low

Ban inflation drug rates

Give generic drug companies access to the market sooner

Drug cost caps

More non-profit drug companies

Government regulated medications cost

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.

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).

How does this affect people?

Resolution

Expensive Co-pays

limited Access to medications

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