Big pharma, in the United States, has become an extremely profitable market. Many joining the field in hopes of riches, but that’s not how the prescription business started. With the creation of the original vaccines and medications many doctors and scientists rejoiced a cure or crutch for diseases and disorders. There seemed to be a genuine interest in helping others and sharing the findings. However, in modern day, many search for new medications in order to gain a large profit. This is seen by the excessive price of many prescriptions, company’s margins, and lack of policy capping prescription prices. You may wonder, why is big pharma such a big and profitable industry? Big pharma has found a way to justify high prices by claiming that research cost billions of dollars and treating prescriptions like a business opportunity. While, yes, research costs money, yes, prescriptions are sold but, millions of Americans can’t afford their life saving prescriptions as big pharma is now. Many prescriptions are unattainable because of the price regardless of the importance of the drug. Many of our elderly population requires multiple over priced prescriptions. With their lack of employment and living on savings and social security, it’s not enough money to live a healthy life. While there have been a few price caps already put in place, it’s not enough. Prescriptions like insulin have become capped the machine to inject it still remains absurdly expensive. Prescription that help with hemoglobin and autoimmune diseases have become exceedingly expensive even though these medications are required for the treatment. Insulin isn’t the only expensive prescription that needs a price cap. Big pharma cannot continue to be run like a business but be run as live saving service. As America doesn’t have universal health care and with prescription prices rising, there should be a federal policy capping the price for all prescription medications.
1st Body topic: Insulin cap
- insulin prescription has been caped
- WEPA ACT
- Biden administration cap
- Why isn’t the injector capped too
2nd Body topic: Other prescription that aren’t capped
- hemoglobin prescriptions
- autoimmune disease prescriptions
- make policy that caps these prescriptions
3rd body topic: The elderly issues with perscriptions
- the elderly are the most affected
- have bad insurance
- little savings
- social security isn’t enough
4th body topic: Bad insurance and paying the research
- insurances don’t cover all prescriptions
- Make policy for universal health care
- specified to elderly
- Find better ways to pay for prescription research
Conclusion