Nobel Prize winning economist Milton Friedman argued that rail linees turn over bingle cordial responsibilityâ€"to maximize profits. This comprises the free marketplace philosophy which supports allowing a price to reach however high the market will tolerate . Although this may be considered good business practice is some instances, it fails to recognize the social impact such(prenominal) decisions have on society. Companies are thus faced with recognizing these social impacts and acting accordingly, or they can ignore them until the people of the association begin to get angry and complain. Allowing the free market to specialise prescription drug prices causes prices to reach an offensively high amount, so high that many people here in the linked States cannot afford them. The elderly and chronically ill are the almost affected in this situation. Elderly people often have to buy their prescriptions on their own because Medicaid will not check it . According to a survey taken in 2003, stern of senior citizens in the United States have been forced to set out taking much needed prescription medications due alone to the inability to afford them . These high prices are a ensue of the United States method of free-market sales of prescription drugs.
This is a genuinely controversial topic, currently, and it is giving many American citizens a ban bearing towards the many pharmaceutical companies in this country. Recent Harris canvas confirm that the pharmaceutical industry comprises the bottom of the rankings alongside the oil, managed anguish and tobacco companies in relation to positive public attitude… No other industry has fallen as vexed and as fast as has the drug industry in the poll since 1997, i.e. 35% in 6 years. Just 13% of the poll respondents described pharmaceutical companies as generally honorable and trustworthy . Several people believe that a to a greater extent efficient method of setting prescription drug prices would include involving the government to regulate the sale...
Please...If you want to get a plentiful essay, order it on our website: Orderessay
If you want to get a full essay, wisit our page: write my essay .
No comments:
Post a Comment