post on drug prices and regulation importation.rtf - The...

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The prices patients pay for pharmaceuticals have wildly increased in the years since the publication of the kff.org background brief. The brief does state that while pharmaceuticals make up a small portion of the total health care spending, its spending has increased much faster than all other health care categories (KFF, 2004). More recently, prices have dramatically increased, even within one year, for generics that have not cost the manufacturers more to make(Parks, 2017). While drugs do require up front investment, this has not stopped the pharmaceutical industry from being the most profitable industry from 1995 to 2002 (KFF, 2004). Yet, the same drugs are sold to other developed nations at much lower prices, due to better market conditions and regulations (Kounang, 2015). Physicians and patients are increasingly calling for a solution to this problem, which should include importing pharmaceuticals.The general argument against importing pharmaceuticals is that prices may increase due to

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