GENIAL STORYTALE INFO

Why are Medication costs so High for people?

Pharmaceutial Companies

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

Insurnace Companies

Generic medications

Healthy Lifestyles

Monopoly

Pharmacy's Contracts

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.

Unregulated Medications Cost

Competition with other drug companies

The government is not involved

Contracts between the suppliers and distrubtors

The uniqueness of the drug

Drug effectiveness

Drug demand

How does this affect people?

limited Access to medications

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).

Expensive Co-pays

People stop seeking healthcare

Poverty

Low-Income

Elderly

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.

Resolution

Give generic drug companies access to the market sooner

Government regulated medications cost

More non-profit drug companies

Ban inflation drug rates

Tax deductions for drug makers that keep medications cost low

Drug cost caps

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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