Should Pharmaceutical companies review the costs
Does anyone think that it is time for Pharmaceutical companies to review how much they charge for life saving drugs. And should they not consider passing some of their profits into Immunizing third world countries for free
Third world countryies are there for free drug testing for these companies. They test their new drugs on people who don't matter to them. These people will never be able to pay for these drugs and therefore are non-human to these people. These companies also sell their drugs at reduced costs in countries that have universal healthcare. America is charged outragous fees for these drugs in order to make up for the countries that actually give a damn about their citizens.
I don`t think so, I think the problem is regulation and lawsuits. I you invest in a new product your first few years you charge more to recoup your initial investment. The technology industry is the same way, its just that they are not demagoged like the pharmaceutical industry is.
The pharmaceutical industry gives billions in charity that politicians never mention. They also participate in programs for the less fortunate to get high cost prescriptions at about $4.50 a month instead of hundreds of dollars.
If we could get ride of the straw-man arguments in politics so that people could really discuss the issue, we could probably get some real solutions. Using the police power of government to cause companies to pay more is not the solution.
Your question implies that there is a time for this to happen, well all the other parts of society that would bring about the proper conditions for this type of situation need to be present first, and we are a long way from that kind of world.
A lot of cost goes into pharmaceuticals, first you have to pay for research and development for new drugs, and there are time limits on exclusive rights, so many drugs can be made by anyone now without having ownership of the patent rights. Next they have their manufacturing costs and distribution. Then they spend a lot of money in the CYA department to pay corporate lawyers and publicists to handle accusations against their drugs, plus the inevitable court costs, fines, or out of court settlements. Then they have to make sure they still have a product by keeping certain things illegal, such as if you were allowed to grow your own opium then painkillers would be worthless, or if certain hallucinogens were available under the supervision of a certified professionals (psychologists, clergy, etc. who have training) then anti-depressants and anxiety medication would be virtually worthless, so they have to pay a lot to lobby against those types of things.
Then when it comes to immunizing the third world, which countries get immunized and who goes first? No matter what they do they will end up with bad blood from potential investors native to X country that is upset. Then there is the possibility that the native population refuses the drugs as they have cultural beliefs against advanced medicine. Lastly and really the more prevalent problem is the elite few of the leading dictatorship or tribal warlord will steal the drugs and hoard them.
So the answer is no, it is not time for that to happen as the human race is no where near ready to start acting civilized.
No. They should go straight to lowering them and quit being so damn greedy.
I think they should reevaluate their humanity.There are people dying in all countries, 3rd world and more, because the greed of these people and the oil they use to grease political wheels to their own benefit. I think drug companies and lawyers are practically all bottom feeders and rely on one another to continue their sharkish practices.
Pharmaceutical companies, like almost all corporations, are in the business of making money and increasing their influence and power. They do not see it as their duty to serve the cultures they make money from. Why would they change the way they do business now?
To suggest reviewal of the costs of Pharmaceutical products by reducing their sale prices prima facie seems pleasant but in fact its effect is harmful to the whole society.The reason is that it is the quality in all products which is significant and more so in the medicines specially the life saving medicines.
A standard price control system may be evolved to check that the cost whereby the quality does not go down plus the profit to the company is assured. To stress on low prices is neither justified nor reasonable.
Stump Parish. I agree with your analogy It seem s obvious that these companies try to gain respect by their offerings but purely for personal gain.
Daffy Duck. I totally agree.
Swb78. Gas, electric companies can be regulated by government why then not pharmaceutical companies?
Bethperry. I agree strongly with you.
Sethareal. When will there ever be time for this to happen. Can we and should we sit by and make this excuse. If we are not civilised and let everything go their way are we not as bad as them?
Sembj. I agree with what you say but the question is do you think it should change?
Munirahmadmughai. I agree on principal on the first part about the quality. But the quality of medication should go without saying. I am probably very naïve but I say it as I see it. But I totally disagree on your final statement. I think that a stress on lower prices is more than justified and reasonable.
by Sharon Stajda 3 months ago
This past week President Trump laid out his new plan to decrease prescription drug prices for American's. Drug prices have been skyrocketing for many years, it's about time Government got involved, and fought back against huge pharmaceutical companies that have made outrageous profits off the backs...
by janesix 4 years ago
Due to Obamacare, I am now on Medicaid, along with thousands of other newly eligible adults in my state. For the last three or four years, the large pharmaceutical company that makes my medication had a program where they provide my meds for free (for people with very low income like I have). My...
by rhamson 3 years ago
"All we know (based on leaks) is (1) it establishes an independent tribunal that can force nations to pay global corporations any lost profits due to that nation’s health, safety, environmental, labor, or securities regulations, (2) extends patent protections for U.S. pharmaceutical...
by Georgiakevin 8 years ago
Pick up any magazine and notice how many advertisements there are for drugs. Watch television and notice how many advertisements there are for various drugs. Go to any drug store and notice how many over the counter drugs there on the shelves. Anytime we get a sniffle, sore muscle or a slight...
by rmcrayne 5 years ago
What can't insurance pay for alternative medicine treatments?What would it take for society to embrace natural and alternative medicine, so that insurance would pay for it? When will we be able to go to Naturopaths, Homeopaths, Herbalists, Chiropractors, etc, and have the same coverage as MD...
by Audrey Selig 3 years ago
Why do you think the drug companies today spend so much money on media ads and not on research?In the past, very few drugs were advertised, and it seems in the last ten years media overloads us with these ads. I know it is to make money, but whatever happened to finding cures and ensuring safety...
|HubPages Device ID|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Google Analytics|
|HubPages Traffic Pixel|
|Google Hosted Libraries|
|Google AdSense Host API|
|Conversion Tracking Pixels|
|Author Google Analytics|
|Amazon Tracking Pixel|