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GENIAL STORYTALE INFO
terra gospell
Created on November 20, 2023
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Transcript
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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