Low Prescription Cost Essay

Lower prescription cost There is a major issue in America that needs to be put on the top of the to do list. The amount of money we waste on prescription drugs is ridiculous. “Americans spend roughly $1 billion a day on prescription drugs. Sharp increases in U.S. spending on prescription drugs —the Center for Medicare and Medicaid Services (CMS) projects that it will rise 6.3 percent per year on average for the next decade.” (Frank). That is insanely high and something needs to be done. There are other issues such as the time it takes to research and develop a new drug and the cost it takes. To develop a new drug into the market place it takes on average 10 to 12 years. That is exactly why drug companies do not rush to being in a new drug to jack up the prices of the old one and play into the market place. The other issue is the cost. It cost 2.6 billion dollars to research and develop each prescription drug. Many companies rely on so much scientific research to compare the clinical and cost comparison of new drugs and will refuse to purchase a new drug that is not fairly priced closely to its value.
High prescription cost hinders people from getting the medication they need

There is a major issue when it comes to medication being free. Who will fund the company after their budget has ran out? Eventually the prices of prescription drugs will be so high that no one will be able to obtain them because of the cost. The cost of medication is already hard for those who are poor and have to budget their medication with bills. Take my father in law for instant, which has to balance his bills with the blood pressure pills that cost him roughly 300 dollars a month. Free medication in the end will only make it extremely harder on those who are having a difficult time now getting the medication they need to become