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Healthcare Crisis: Drug Price Inequality

The document discusses the dire state of the U.S. healthcare system, highlighting the unaffordability of insurance and medication for the poor compared to the rich. It explores potential futures depending on political action regarding drug price negotiations, emphasizing the need for systemic change to alleviate the burden on low-income families. While individual actions like using GoodRx can help, the author stresses that voting is crucial for citizens to influence healthcare reform.

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0% found this document useful (0 votes)
18 views4 pages

Healthcare Crisis: Drug Price Inequality

The document discusses the dire state of the U.S. healthcare system, highlighting the unaffordability of insurance and medication for the poor compared to the rich. It explores potential futures depending on political action regarding drug price negotiations, emphasizing the need for systemic change to alleviate the burden on low-income families. While individual actions like using GoodRx can help, the author stresses that voting is crucial for citizens to influence healthcare reform.

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whupeeeb
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Evan Barish

LENG 112
May 1, 2021
PREDATION OF THE SICK AND INJURED: FUTURE

The healthcare system is falling apart. People cannot afford their insurance, medicine,

and general care, let alone emergencies and preexisting conditions. According to Robak, a study

found that the price of brand name drugs in the U.S are 3.44 times larger compared to similar

nations (2021). This is absolutely unnecessary, and if it were to continue, America may face

serious issues.

While it may seem obvious, the divide between the poor and the rich is relatively large in

America. The rich can afford their medicine, and the poor cannot. While the gap between the

rich and poor is a different subject, the cost of medicine does drive a wedge deeper between the

two. This, in essence, can cause poor families to become even more deprived, as they must spend

even more on medicine and medical care, if they can afford it at all. Without going into detail on

why the income inequality is horrible, the poor cannot afford basic life necessities (Scheffler

2020). This gap will increase if they are forced to spend more on medical treatment. At some

point they will have two options: forgo medical treatment and risk death/disability/discomfort, or

go into debt. Neither of these are acceptable.

A second alternative future is one where U.S. lawmakers act with the public interest in

mind. This timeline splits depending on which party has power when the government decides to

take a stand. If the right were to win, there would be an office created specifically to negotiate

price cap (Grover 2019). If the left, the department of Health and Human services would do it

(Huetteman 2021). Either way, somebody is negotiating price caps, and the goal is to help the
citizens. It is very difficult to predict if such a strategy would work however, as it is up to big

pharma to decide if they will listen. This is where the two plans differ, with the right saying

negotiation only, and the left setting hard limitations if the companies do not agree to negotiate.

With the companies, theoretically, realizing that people truly cannot afford to be paying tens of

thousands of dollars a year on common medications, a cascade occurs. Insurance companies no

longer have to charge ridiculous amounts to cover overpriced medicines. Doctors can then

charge less as well, as a significant portion of doctor’s prices come from insurance (Anonymous

Doctor, Interview). The doctor interviewed wished to stay anonymous due to insurance

companies and pharmaceutical companies being extremely prejudiced, and if they were to hear

their name, the companies may cut harsher deals with them.

Unfortunately, that solution is possibly many years in the future. However, there are a

few steps individuals can take right now to help. Firstly, you can use GoodRx. The interviewed

doctor explained that it is a small card, that has a little number on it. All someone has to do is

show the card at a pharmacy, and then pay out of pocket. Depending on your insurance, this may

be more beneficial. If you have a high deductible or copay, this may be a good option. According

to Minji Hong and Natalia Shcherbakova, GoodRx offers a statistically lower price for generic

pharmaceuticals compared to cash.

In conclusion, individuals have little they can do besides their best at shopping around

and using GoodRx to help with the radical prices. The future is bleak, and the majority of

solutions involve powers much higher than the individual. However, voting is the primary

influence American citizens have, and the only way to contribute towards such an issue. The

healthcare system may be collapsing, but out of it a new fair system will hopefully arise.
Works Cited

Grover, N. (2019, December 10). Republicans unveil a drug Price bill to rival the Democrats -

promising lower prices and more cures. Retrieved April 29, 2021, from

[Link]

to-rival-the-democrats/

Hong, M., & Shcherbakova, N. (2020). Comparison of discounted and Undiscounted cash prices

for Cardiovascular MEDICATIONS by type of US Community pharmacy. Journal of

General Internal Medicine, 36(1), 114-120. doi:10.1007/s11606-020-06149-7

Huetteman, E. (2021, March 24). Democrats eye medicare negotiations to lower drug prices.

Retrieved April 29, 2021, from [Link]

negotiations-to-lower-drug-prices/

Langreth, R. (2020, September 16). Drug Prices. Retrieved April 27, 2021, from

[Link]

%20more%20on%20prescription,routinely%20cost%20%2410%2C000%20a%20month.

Robak, W. (2021, January 28). Drug prices in the U.S. are 2.56 times those in other nations.

Retrieved April 27, 2021, from [Link]

[Link]#:~:text=The%20gap%20between%20prices%20in,times%20those%20in

%20comparison%20nations.&text=The%20one%20consistent%20area

%20where,average%20paid%20in%20other%20nations.

Scheffler, S. (2020, July 01). Is economic inequality really a problem? Retrieved April 29, 2021,

from [Link]

[Link]

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