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The rise of America’s death rate is associated with the lack of a health care system
established on equity and efficiency. Moreover, countless Americans are dying due to the unjust
and overpriced pharmaceutical drugs they need to survive. The prescription for exorbitant drug
prices in America is controlling costs of drugs through establishing a value-based pricing system,
preventing patent abuse, and promoting generic competition on the federal government level.
The current health care system in the United States is deficient. It is deficient due to the
active deception within the pharmaceutical industry and loose regulation from the federal
government that are responsible for the punitive prices of prescription drugs. The poor state of
America’s health care system can further be associated with the broken employment-based
system that is no longer viable due to the rising health care costs (Jost 574). Americans are
divested of their right to affordable drugs because they live in a country that values
commercialism over social welfare, pharmacy profit over patient health, and corporate greed
over human need. Drug manufacturers are able to file lawsuits that delay biosimilars, biologic
medical products that share the same terms of safety, purity and potency as costly name brand
drugs, from entering the market (Rajkumar). Additionally, the United States’ strong patent
protection received by drug companies and the free-pricing system in which they operate under
enable corruption amongst pharmaceutical industries that abuse their power (Waxman).
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restraints on individuals.
Bloomberg.com. April
2018.
Thus, federal regulation must be implemented by passing universal legislation that regulates the
pricing system, reforms the patent system, and promotes generic competition.
The cost of drugs should be determined through a value-based pricing system, in which
the quality of patient health is prioritized over pharmacy profit. There is arguably a lot of gray
area within classifying drugs as “valuable” since that word has different meanings among
different audiences. However, this form of drug pricing regulation has shown a significant
degree of success in countries beyond the U.S. borders. Countries such as Canada and Norway
operate auspiciously by offering equitable drug costs through a value-based pricing system. In
Norway, state-run health systems crack down on drug companies that attempt to charge high
prices for their products that inadequately represent cost-effectiveness. The Norweigan
government does this by reviewing patient data to determine if new drugs are valuable in
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comparison to existing ones, setting price caps on drugs by negotiating target prices for drugs
based on their effectiveness, and in some cases denying the coverage of medicines that are not
worth the cost (Whalen). In America though, only seven of the 78 total drugs brought into
market in 2002 were new and improved chemical compounds that were actually classified as
better than old drugs (Angell). This form of corruption can be eradicated if the United States
adopts a health care system like Norway’s, in which patients are guaranteed quality drugs for
affordable prices.
Works Cited
Angell, Marcia. “The Truth about the Drug Companies.” Jurimetrics, vol. 45, no. 4,
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https://www.jstor.org/stable/29762909?seq=1#metadata_info_tab_contents.
Jost, Timothy Stoltzfus. “Our Broken Health Care System and How to Fix It: An
Essay on Health Law and Policy .” Wake Forest Law Review, vol. 41, no. 2, 2006, pp.
537-618.,
heinonline.org/HOL/Page?collection=journals&handle=hein.journals%2Fwflr41&id=593
&men_tab=srchresults.
Rajkumar, Vincent. “The High Cost of Insulin in the United States: An Urgent Call to
Action.” Mayo Clinic Proceedings, vol. 95, no. 1, Jan. 2020, pp. 22–28.,
www.mayoclinicproceedings.org/article/S0025-6196(19)31008-0/fulltext#sec1.2.1.
Waxman, Henry A. “Lower Drug Costs Now.” Lower Drug Costs Now, Health
Whalen, Jeanne. “Why the U.S. Pays More Than Other Countries for Drugs.” The
www.wsj.com/articles/why-the-u-s-pays-more-than-other-countries-for-drugs-144893948
1.
Images Used
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Tozzi, John, and Emma Ockerman. “What It’s Like Living Without Health
www.bloomberg.com/news/features/2018-04-03/what-it-s-like-living-without-healt
h-insurance-in-america.