Title: MANAGEMENT CASE: WHAT’S A FAIR PRICE FOR DRUGS

Essay Details

Subject: Business
Author: Thelma O
Date: January 13, 2015
Level: University
Grade: B
Length: 2 / 433
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

However, there should be a limit set to how high their prices should be. The average American family has been affected in their quality life due in part to having to pay high prices for medicines when they get sick. In many cases, they cannot afford it. We already are incurring in the high cost of health insurance and Medicaid, under this system...

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From an ethical standpoint, how should prices for different drugs be set? The ethical way of setting drug prices does not coincide with a capitalistic society. However, putting politics aside, the public should be charge for medicines based on their means. The most vulnerable in the society (i.e. the elderly and children) should have complete government subsides...

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