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The Role of the Government in pharmaceutic Pricing pharmaceutic companies ofttimes dilute prices that are much higher than the apostrophize of production of medicines , in time the life obstetrical delivery kind . The attain earned by a pharmaceutical company is measured by subtracting the cost of production from the price multiplied by quantity sell ( Price Controls 2007 . The fact that the profit gross profit of the pharmaceutical companies is often too high is a build of concern in particular for those who cannot afford adequate health care . Ethics fill of the health care and the pharmaceutical industries to turn away their prices so as to make health care , including medicines , easily available to whole (Rosen , 2007 . At the identical time , the Congress has experienced that the health care and pharmac eutical industries should not be forced to lower their prices via price controls that apply been introduced in many foreign markets for pharmaceuticals . The agreement why the coupled States would not introduce price controls to crack pharmaceutical prices is that the gelt earned by the pharmaceutical businesses service of process in research and development - of the essence in this assiduity ( Pharmaceutical Price 2003Yet , the Congress contains the power to lower the prices of pharmaceuticals by applying a different method altogether . Price controls have the potency to slack up down growth in the pharmaceutical industry . But , subsidies on pharmaceuticals will not belatedly down research and development in the industry . As a matter of fact , subsidies for pharmaceutical companies may sincerely well be targeted for research and development . Price controls may be introduced to complement the subsidies , however . With price caps that would not can the pric es of medicines to increase beyond control ,! especially the life economic system medicines and subsidies to help the pharmaceutical industry in continuing its imperfect tense work to benefit society at large the disposal would find itself in an excellent position to care for the health of all AmericansReferencesPrice Controls on Pharmaceuticals (2007 . Marginal Revolution Retrieved 23 whitethorn 2007 , fromhttp /www .marginalrevolution .com /marginalrevolution /2007 /02 /price_contr ols_ .htmlPharmaceutical Price Controls Abroad : An Unfair Trade administration (2003 November 6 . Retrieved23 may 2007 , from http /rpc .senate .gov /_s /hc110603 .pdfRosen , Leah J (2007 . Are Pharmaceutical Prices scantily ? A Discussion of Business , Values , andEthics . Pharmalicensing . Retrieved 23 May 2007 , from http /pharmalicensing .com /articles /disp /_406814b87105dPAGEPAGE 2...If you want to get a extensive essay, order it on our website: OrderEssay.net

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