what are some initiatives to lower drug costs

Expert Solution

The rising cost of the prescription drugs is a serious issue as majority of the people in need belong to older age group who may have financial constraints.

Some initiatives which lower the cost of the prescription drugs are :

Including the low cost generic drugs which are approved instead of brand drugs which are too costly.
To decrease cost of the generic drugs that are approved by FDA.
To cover some of the prescription drugs under insurance.
Benefit free health check ups and provision of free prescription drugs on certain events by government foccussed on senior citizens.
Extra help programs which benefit the poor.
Provision of drugs directly to the needed instead of middlemen which cuts down the cost of the prescription drugs.
Developing international standard for pricing of drugs which avoids higher pricing by few drug companies.
Check online for any program that assists the patients medicine needs.

THANK YOU.

Nightingale answered 1 year ago

What are some of the current healthcare reform initiatives for the United States.

what are some initiatives from AMERICAN OF COLLEGES OF NURSING (AACN))

What are some public health initiatives that have ended in the following year?

(a)What are transaction costs and how does the use of the internet lower transaction costs for...

(a)What are transaction costs and how does the use of the internet lower transaction costs for e-businesses? [10 Marks] (b) Explain how the internet pushes the competitive environment further towards the perfectly competitive model.

What is targeted drug delivery? Discuss some strategies in targeted drug delivery

Name one drug that effects the lower respiratory tract.

Name one drug that effects the lower respiratory tract.a) Why would a patient receive this medication?b) What response would you anticipate seeing in the patient based on the mechanism of action?c) What undesirable side effects should the nurse watch for (n/v/d not acceptable)?d) What education should the nurse give to the patient about this medication?

1) What are the key determinants of economic growth? Discuss some public policy initiatives the US...

1) What are the key determinants of economic growth? Discuss some public policy initiatives the US government may pursue to boost the economic growth rate of the US economy.

What are some of the costs of providing accounting information? What are some of the benefits...

What are some of the costs of providing accounting information? What are some of the benefits of accounting information? Describe the cost-benefit factors that should be considered when new accounting standards are being proposed.

What would be some of the benefits and some of the costs of the Trans Pacific...

What would be some of the benefits and some of the costs of the Trans Pacific Partnership for the participating countries, focusing on different industries, workers and the labor markets in each participating country? Also in the U.S., state how could the TPP agreement affect, Structural unemployment, RGDP growth rate, and Growth rate of exports?

What is a social paradigm shift? What are some legal substances that count as a drug...

What is a social paradigm shift? What are some legal substances that count as a drug at work? What are some illegal ones? What are some reasons an employee may want to use drugs at work? Justify in ethical terms the application of drug tests to employees of the aircraft maker Boeing. Can you provide your own example from the business world of an organization that is complicit with respect to employee drug use?

Question