Drug Debate

Nobel Prize winning economist Milton Friedman argued that businesses nonplus one companionable responsibilityâ€"to maximize profits. This comprises the free market philosophy which supports allowing a price to reach however higher(prenominal) the market go out tolerate . Although this may be considered good business perform is some instances, it fails to recognize the social impact such decisions have on society. Companies are thus faced with recognizing these social impacts and playing accordingly, or they can ignore them until the people of the community pose to get angry and complain. Allowing the free market to set prescription(prenominal) drug prices causes prices to reach an offensively high amount, so high that many people here in the unify States cannot dedicate them. The elderly and chronically ill are the most affected in this situation. Elderly people often have to misdirect their prescriptions on their own because Medicaid will not cover it . match to a survey taken in 2003, one-fourth of elderberry bush citizens in the United States have been forced to quit winning much needed prescription medications due exclusively to the unfitness to afford them . These high prices are a result of the United States method of free-market sales of prescription drugs.

This is a very disputable topic, currently, and it is giving many American citizens a negative positioning towards the many pharmaceutical companies in this country. Recent Harris sails brook that the pharmaceutical industry comprises the bottom of the rankings alongside the oil, managed care and tobacco companies in relation to positive public attitude… No other industry has fallen as hard and as fast as has the drug industry in the pollard since 1997, i.e. 35% in 6 years. Just 13% of the poll respondents described pharmaceutical companies as generally honest and honorable . Several people believe that a more good method of setting prescription drug prices would include involving the judicature to regulate the sale price. Others... If you want to get a undecomposed essay, order it on our website: Orderessay

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