Rising Pharmaceutical Spending Essay by The Research Group

Rising Pharmaceutical Spending
Examines causes and effects, research and development, testing, impact on the health care system, generics and brand names, profit and managed care. Uses charts.
# 14365 | 2,925 words | 16 sources | 1999 | US


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Description:

There are a number of factors which seem to be driving drug spending to record-high levels. Of late there has been revolution in pharmaceutical research, a billion-dollar marketing blitz, and Americans voracious appetite for Viagra, Claritin and a host of other pricey pills.
Retail pharmacies will rack up an estimated $102.5 billion in sales of prescription drugs by year end, up 85% in just half a decade.

From the Paper:

"Rising Pharmaceutical Spending: Causes and Consequences

Introduction: Assessing the Marketplace
There are a number of factors which seem to be driving drug spending to record-high levels. Of late there has been revolution in pharmaceutical research, a billion-dollar marketing blitz, and Americans voracious appetite for Viagra, Claritin and a host of other pricey pills.
Retail pharmacies will rack up an estimated $102.5 billion in sales of prescription drugs by year end, up 85% in just half a decade. Drug sales in the U.S. are rising 16.6% this year, more than four times the increase in health-care spending overall. And at a time when prices of other manufactured goods have declined by 1%, some generic drug makers have raised the price ..."

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Rising Pharmaceutical Spending (2003, July 21) Retrieved September 20, 2019, from https://www.academon.com/essay/rising-pharmaceutical-spending-14365/

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