...Business and Canadian Government Policy; Initiating a New Policy Name: Institution: Course title: Instructor: Date: Business and Canadian Government Policy; Initiating A New Policy Introduction This paper looks into a proposal on the introduction of a universal pharmaceutical policy or pharmacare in Canada. Canada is a country that has a global reputation of offering a successful healthcare to its populations. The Canadians enjoys free healthcare facilities because when they get sick they just need to visit the hospital or their doctors even when they do not have money. The government funds for the universal health policy by use of government revenues. The government gets the funds to pay the policies through taxation of Canadians who are well-off. Most Canadians especially the ordinary Canadians have benefited from the universal healthcare as it has increased their accessibility to health services (Fierlbeck, 2011). Although most Canadians and stakeholders consider the Canadian healthcare policy as universal, it is not comprehensive. A comprehensive healthcare policy should offer a complete healthcare package for citizens. The current healthcare policy in Canada does not substantially offer a comprehensive healthcare policy. This is because various core areas of healthcare are not covered with the current policy on healthcare. The core areas that have been left out by the policy include dental care, prescription drugs, and prescription glasses. The prescription drugs are more...
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...Introduction………………………………………………………………………………2 Comparing Health System Performance…………………………………………………4 Sweden’s Healthcare Policy Framework………………………………………………...8 Canada’s Opportunities for Improvement………………………………………………..9 Conclusion……………………………………………………………………………….11 References……………………………………………………………………………….13 Influencing Factors of Health Care Expenditure: Opportunities to Improve Canada’s Statistics Globally, the number of variations that contribute to the government’s financial contribution to the health care system is great and ever changing. The amount of money spent on health expenditures varies as well, and is specific to each country. In countries with a high income, such as the United States and France, the per capita health expenditure averages over 3,000 USD, while in countries that are considered resource poor, such as Israel and Mexico, the average per capita amount is only 30 USD. (Ke, Saksena, & Holly, 2011). Wide variations in health expenditure are also specific to each country’s economic development. Less resourceful countries have been noted to only spend less than 3% of GDP on health, while other, more economically developed countries spend more than 12% of GDP on health. (Ke et al.,2011). The growth of health expenditures in OECD countries is supported by extensive literature. This paper will give specific data related to two specific OECD countries, Canada and Sweden. Trends in health statistics will be analyzed, as well as contributing factors to both the rise and...
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...History and backgrounds Johnson and Johnson is an American multinational pharmaceutical, medical devices and consumer packaged goods manufacturer found in 1886. The corporation’s head quarter is located in New Brunswick, New Jersey, United States and its consumer division in being located in Skillman, New Jersey. It includes around 250 subsidiary companies operating in more than 57 countries and products sold in over 175 countries. Johnson and Johnson had worldwide pharmaceutical sales of $16 billion for the third quarter of the calendar year of 2011 (Newswire, 2011).Company’s main three founders were Robert wood Johnson, James wood Johnson, Edward mead Johnson. Company have approximately 111,000 employees globally. Johnson and Johnson brand include numerous household names of medication and first-aid suppliers. Among it well known consumer product are the Band-Aid brand line of bandages Tylenol medication, Johnson’s baby products, beauty products, clean and clear facial wash. Johnson and Johnson there is no mission statement that hangs on wall. Instead, for more than 60 years, simple one page documents- the Johnson & Johnson Credo- has guided the company‘s actions in fulfilling its responsibilities to its customers, employees, the community and stockholders. Johnson and Johnson market leading brands in the baby care, skin and hair care, wound care and topical, oral health care, women’s health, over-the-counter medicines, nutritionals and vision care, beauty care...
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...publicly-funded single-pay system which covers costs deemed medically necessary for every citizen/resident regardless of their ability to pay. While the American health care is a multi-payer system based on the patient’s finances. I argue That Canadian Health Care system is better than the American Health Care system. In the Canadian system the citizens will pay far less than they would ever pay if they were being treated for any sickness or receiving any medical services in the United States. It is clear that the Canadian health system is better than the American counterpart as the reported Life expectancy is higher in Canada by more than 2 years, 82.4 years for women and 77.4 years for men when compared to the American life expectancy, 80.1 years for women and 74.8 years for men. Also infant mortality is lower in Canada when compared to the United States, 5.3 in Canada (deaths per 1000 live births) and 6.8 in United States. (O'Neill & O'Neill, 2007) Thesis: Addressing Health Care Issues Regardless of the superiority of the Canadian Health Care system over that of the American system the current Canadian system is far too outdated to adequately...
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...Canadian Healthy Policy vs. United States Health Policy AHS 330 Health Care Systems: 7Q April 2, 2014 Healthcare in the United States is extremely different from the rest of the world. Over the years government and political analysts have compared and contrasted the health care systems of the United States to that of Canada’s. Despite being located on the same continent both countries have different ways of delivering health care to its citizens. Canada has a single-payer system that is publicly funded, while the United States has a multi-payer system that relies heavily on privately owned healthcare. This could be due to the differences in how many patients are cared for compared to those in America or it could be just a matter of who developed the better healthcare. However, due to the close proximity of the countries it is possible that the United States can adopt the Canadian healthcare system. According to Health Canada, Canada's publicly funded health care system is best described as an interlocking set of ten provincial and three territorial health insurance plans. Known to Canadians as "Medicare", the system provides access to universal, coverage for hospital and physician services. With this being said it is safe to assume that health care services are provided on the basis of need, rather than the ability to pay. “The Canadian Health Act contains a single national plan that is composed of thirteen provincial and territorial health insurance plans that all share...
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...The pharmaceutical industry is described by high levels of risky and lengthy R&D process, tough competition for intellectual property, tighter government regulations and powerful pressures on buying power. (Johnson, 2006) In 2011, several blockbuster drugs patent like Lipitor will expire, possibly endangering the revenues of the pharmaceutical industry for the next three to five years. On the global level, the historical supremacy of the US was being challenged with the highest market growth rates recorded in emerging markets. The industry more than ever need to get a handle on the slippery business by offering a true step change in strategy. This will critically analyse the Global Pharmaceutical Industry with PESTEL, Porter’s five forces, SWOT analysis and plausible views of industry in the future. PESTLE PESTLE analysis used to help organisation to understand in depth the current status of the organisation and the external factors which are effecting it. It also helps to the Management to make strategy for the future and overcome the weak areas of the organization. PESTLE is comprises of political, Economic, Social, Technological, Legal and Environmental factors. Political The both policies (domestic and foreign) of government have a great effect on the industry innovation as compare to the other factors. To get the attentions of firms due to increase the economic importance, government offer special incentives which encourage to the industry to globalisation. For...
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...SOCIAL RESPONSIBILITY IN THE PHARMACEUTICAL INDUSTRY: BETWEEN TREND AND NECESSITY by Cecile Oger BSc. (Honours) Chemistry with Business Administration Kingston University London, UK, 1995 A thesis presented to Ryerson University In partial fulfillment of the requirements for the degree of Master of Business Administration In the program of Master of Business Administration Toronto, Ontario, Canada, 2009 © Cecile Oger 2009 Library and Archives Canada Bibliothèque et Archives Canada Published Heritage Branch Direction du Patrimoine de l’édition 395 Wellington Street Ottawa ON K1A 0N4 Canada 395, rue Wellington Ottawa ON K1A 0N4 Canada Your file Votre référence ISBN: 978-0-494-59035-5 Our file Notre référence ISBN: 978-0-494-59035-5 NOTICE: AVIS: The author has granted a nonexclusive license allowing Library and Archives Canada to reproduce, publish, archive, preserve, conserve, communicate to the public by telecommunication or on the Internet, loan, distribute and sell theses worldwide, for commercial or noncommercial purposes, in microform, paper, electronic and/or any other formats. . The author retains copyright ownership and moral rights in this thesis. Neither the thesis nor substantial extracts from it may be printed or otherwise reproduced without the author’s permission. L’auteur a accordé une licence non exclusive permettant à la Bibliothèque et Archives Canada de reproduire, publier, archiver...
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...legal issues defines both formal and informal rules under which firm operates some example like tax policy, trade restrictions and tariffs, political stability. Political arena has huge influence up on the regulations of business and the spending power of consumers and other business. Over many years the pharmaceuticals industry has increased political attentions because of increase in recognitions of the economic important of healthcare as a component of social welfare . It takes 10-15 years on average to experiment drug to travel from lab to patient consumption, as patent protection is fixed that is only 20 years but companies has to spend 15 years on experiments by the time it reaches to the market the patent will be almost comes to expired and which will result in birth of generic medicines which has exactly same ingredients as of branded drugs but shows huge difference in price, because the generic brand does not spend on clinical trials so the entry of generic are the major impact on pharmacy industry because of the legal policy set by political forces example in us 84% of sales had been dropped in 12 weeks by Allegra hay fever treatment because of expiry of patent in 2006. Another major problem affecting the industry in many countries are monophony which means only one powerful purchaser who are government. Since 1980 government around the world attracting pharmaceuticals as a politically easy target in their effort to control l in increasing health care expenditure like...
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...The Global Pharmaceutical Industry: Conduct an external analysis Introduction The pharmaceutical industry is described by high levels of risky and lengthy R&D process, tough competition for intellectual property, tighter government regulations and powerful pressures on buying power. (Johnson, 2006) In 2011, several blockbuster drugs patent like Lipitor will expire, possibly endangering the revenues of the pharmaceutical industry for the next three to five years. On the global level, the historical supremacy of the US was being challenged with the highest market growth rates recorded in emerging markets. The industry more than ever need to get a handle on the slippery business by offering a true step change in strategy. This case study will critically analyse the Global Pharmaceutical Industry with PESTEL, Porter’s five forces, SWOT analysis and plausible views of industry in the future. PESTLE PESTLE analysis used to help organisation to understand in depth that what is the current status of the organisation and the external factors which are effecting. It also helps to the Management to make strategy for the future and overcome the weak areas of the organization. PESTLE is comprises of political, Economical, Social, Technological, Legal and Environmental factors. Political The both policies (domestic and foreign) of government have a great effect on the industry innovation as compare to the other factors. To get the attentions of firms due to increase the economic...
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...western biomedicine, there are still correspondence with alternative medicine and spiritual healing that is used when dealing with diseases and other related health illnesses. Since Canada has a multicultural society, individuals may visit doctors, psychologists, paediatrician, and physicians, and at other times we seek chiropractic solutions, relaxation techniques, massage, prayer, herbal therapies, special diets, folk remedies, acupuncture, yoga, or homeopathy in pursuit of having a healthier life. There is not always a conflict between non-western medicine and Western biomedicine. Though the two may have different forms, procedures, norms, regulations, and values, Canada has come to rely on both for a solution to their health. The process by which people take advantage of a variety of health techniques and strategies that are based on different models of health and healing is what has come to be known as medical pluralism. (Woronko) For the objective of the interview, I was tasked with analyzing how medical pluralism contributes and is utilized in individual lives in Canada. For my interviewee I chose someone who has remarkable experience with both western biomedicine and alternative medicine. The person that I have chosen for this interview is a Sikh woman that is from Indian decent and resides in Canada with her family. Since she is a mother of two children that are...
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...round. Buoyant Indian Economy, extra cash with Indian corporates, Government policies and newly found dynamism in Indian businessmen have all contributed to this new acquisition trend. Indian companies are now aggressively looking at North American and European markets to spread their wings and become the global players. The Indian IT and ITES companies already have a strong presence in foreign markets, however, other sectors are also now growing rapidly. The increasing engagement of the Indian companies in the world markets, and particularly in the US, is not only an indication of the maturity reached by Indian Industry but also the extent of their participation in the overall globalization process. Here are the top 10 acquisitions made by Indian companies worldwide: |Acquirer |Target Company |Country targeted |Deal value ($ |Industry | | | | |ml) | | |Tata Steel |Corus Group plc |UK |12,000 |Steel | |Hindalco |Novelis |Canada |5,982 |Steel | |Videocon |Daewoo Electronics Corp. |Korea |729 |Electronics | |Dr. Reddy’s Labs |Betapharm |Germany |597 |Pharmaceutical | |Suzlon Energy |Hansen Group |Belgium ...
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...Name Subject Class Institution The Inequality Agenda and the Sustainability of Medicare In 2007, Evans critically analysed the recent phenomena of healthcare financial sustainability in Canada; he explored its relationship with the gross domestic product and the public spending, Lingering debate on required reforms and maintenance of the currency value to the economic growth. The paper claims that Canada Medicare is economically unsuitable. He addresses the need of evolved political economy, reduced spending on medicine, physician services, and sustainability in the government fiscal reforms (Robert 23). The Impact of Corruption in Provision of Healthcare Services The data provided by the provincial and the federal finance department shows a higher tax charges and deteriorating public environment since 1981, questioning the genuineness in equally redistributing the burden and the benefits to all stakeholders. This thwarts the efforts to improved fiscal management policies since it is more expensive and less efficient. The political, medical, and other associated body’s pretence on medical guidelines, technological assessment with an intention to accelerate the cost. The continue variation in the national system on the expenditure since mid-1990s, also regressive impact to the society corporation (Robert 123). The efforts by the federal government to transfer funds to improve the healthcare...
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...Sandra Mote Microeconomics April 25, 2015 The Merge between Watson Pharmaceutical and Arrow When two firms or companies reach an agreement to combine together is called merge. When one company buys out another company is called an acquisition. There are a variety reasons for either of the two and both are a concern to the public and to policy makers. Mergers are known to have an impact on market concentration and on the welfare of the public. Mergers and acquisitions are voluntary and they are conducted by mutual agreement. In December 2009 The Federal Trade Commission announced that Watson Pharmaceutical Inc. proposed a $1.7 billion acquisition against rival generic drug company Arrow Pharmaceutical owners by Robin Hood Holdings Limited. Watson alleged that the transaction would substantially reduce competition in the U.S. markets for important generic drug Cabergoline used to treat Parkinson's disease and generic drug Dronabinol used to treat side effects from chemotherapy. For the commission to be satisfied, the two companies will need to sell some of the things associated with the drugs to certain buyers to make sure of continued competition in the market. Watson Pharmaceutical Inc. is an integrated global specialty pharmaceutical company. Their primary purpose is to develop, manufacturer, market, and distribute generic, brand, and bio-similar products. Watson has one of the widest product offerings...
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...The Pharmaceutical industry in the Global Economy Summer 2005 Larry Davidson* and Gennadiy Greblov Indiana University Kelley School of Business Bloomington, Indiana *Davidson is Professor of Business Economics and Public Policy and Greblov is working towards his MBA degree at the Kelley School of Business Prepared for the Indiana Economic Development Corporation with the support of the Center for International Business Education and Research at the Indiana University Kelley School of Business. Information Services via the World Trade Atlas, U.S. State Export Edition. To receive free copies of the export report please contact the Indiana Economic Development Corporation’s Office of International Trade at 317.232.4949. Direct questions to the authors of the report to Larry Davidson at davidso@indiana.edu or 812.855.2773. Introduction This paper summarizes the results of our global pharmaceutical industry analysis and is intended to increase awareness of the general public – investors, policy makers, managers, employees of the companies – about its current developments. The paper has the following major goals: 1) To analyze the current situation, major challenges and the prospects of the pharmaceutical industry; 2) To identify major players of the global pharmaceutical industry and make a comparative analysis of their business practices and financial results; 3) To determine the relative position of the U.S. pharmaceutical...
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