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The New Drug War

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Submitted By misybled
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Drug pricing and accessibility were the main issues discussed in this article. The topic was discussed in a very great debt, and it also showed how it is affecting the world as a whole. It talks about how drug price is so high in very developed countries, to an extent that even the rich can barely afford them. Most companies even go as far as suing government and others who try to work out modalities to see that drugs can get to as many people as possible. There are even cases in a country like the United States of America were people with insurance can barely afford. It is true that it cost so much to make a drug, both money and time wise, but at the same time this drugs are developed for people, to say alive. While some health activist, companies and government agencies are fighting so hard to make drugs accessible and affordable, pharmaceutical companies are also fighting to maximize profit as much as possible. Profit and utility maximization is an ethical issue, as well as it is an economic issue. If there is no balance between these two factors, there will definitely be a great reason for concern. So if drug companies fight the society and the people it should be serving in, then there is no balance. Also, there should be justification of the market system and this is archived by promoting the welfare of the whole society. In an instance where pursing profit seems to be most important to these pharmaceutical companies than anything else, then the purpose of justification is defeated. As earlier mention, if it takes drugs companies such a long time and a huge amount to make a drug in order to find cure for something to better the lives of the people, putting a high price for such drug makes it almost impossible for people to buy. If the same people that these drugs are meant to save their lives die, it turns out to be a loss to both the pharmaceutical companies and the society at large.

Works Cited
The Economist (2014, January 4). The New Drug War: Hard Pills to Swallow. Retrieved January 10, 2014 from http://www.economist.com/node/21592655/print

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