The Huge Impact of Health Care Reform Might Have on Drug Pricing

0
36

Healthcare reform has been a hotly debated topic in the United States for decades, and it is finally one that the country may be close to resolving. 

One of the main arguments against implementing a universal system is that it will result in higher premiums and taxes which will cause many people to leave the workforce and many businesses to become insolvent. 

This article explains how some people are stating that reform might not adversely affect the cost of drug pricing. One idea is to allow Medicare to negotiate drug prices or offer subsidies for seniors on what they purchase in order to keep them from having to pay more than 20% of their income on drugs. 

Another suggestion is for there to be an importation of drugs from Canada which would allow the people in need to get lower-priced medications. 

Lastly, if changes cannot be made in order to reduce the high costs of prescription drug prices then the government will have no choice but to pay for them itself through Medicare.

Disclaimer:  The contents of this site, such as text, graphics, images, and other materials contained on the page are for general information purposes only. This article is not a substitute for professional advice on the topics mentioned. This article does not create any form of offers to any legal or professional service. The site assumes no responsibility for errors or omissions in the contents. In no event shall the site be liable for any special, direct, indirect, consequential, or incidental damages or any damages whatsoever, whether in an action to follow the content, negligence or other tort, arising out of the use of the contents of the article. The blog reserves the right to make additions, deletions, or modifications to the contents at any time without prior notice. The site does not warrant that the site is free of viruses or other harmful components. It may contain views and opinions which are those of the authors and do not necessarily reflect the official policy or position of any other author, agency, organization, employer or company, including the site itself. It also does not provide professional advice, diagnosis, treatment or any legal service. The site does not endorse official procedures, legal actions or qualified services and the use of its contents are solely at your own risk.

Previous articleSamsung Profit Set to Hit a high Thanks to Chips
Next articleEuropean Banks Sitting on “Mountain” of Bad Debt