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Corruption in the pharmaceutical industry
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Recommended: Corruption in the pharmaceutical industry
For as long as civilization has existed, humans have been looking for ways to advance in the field of medicine in order to cure illness and elongate the human lifespan. This has led to many positives such as ground-breaking new discoveries, inventions, and vaccines. One aspect of medicine that has grown dramatically in the past decade is the pharmaceutical industry. The pharmaceuticals are responsible for the manufacturing and the distributing of medicine in the form of drugs. While the drugs main purpose is to help the sick, you cannot say the same for the pharmaceutical industry. Unfortunately, the pharmaceuticals discovered that the more we advance in the field of medicine, the more money there is for the taking. The World Health Organization (WHO) estimated that the pharmaceutical industry is worth $300 billion a year, and predicted to rise to $400 billion by next year. Because of their greed for money, the pharmaceutical industry has evolved into one of the more corrupt institutions in America, and rightfully so. They have turned America into a country that is rapidly spiraling down a risky path of addiction and dependency on drugs, and the majority of the blame falls right onto their shoulders. In order to pull ourselves out of this dilemma, America must first learn about the severity of the pharmaceutical industry’s corrupt modus operandi: Using their power and influence not for the purpose of creating cures, but for the purpose of creating lifelong customers to profit from. The most common way that the pharmaceutical industry uses their power and influence to create lifelong customers is in the manipulation of clinical research. When a pharmaceutical company creates a new drug, it must first get the go ahead from the Foo... ... middle of paper ... ...g society doesn’t start with fixing the pharmaceutical industry, it starts by fixing our way of life. The only way to end the corruption of the pharmaceutical industry is to stop depending on it, and that begins with American’s becoming more independent. Hopefully soon America will begin to realize the chokehold of dependency that the pharmaceutical industry has it in. As long as these drug companies are making money, it seems as though nothing will stop them from their corrupt ways. The ugly fact that the pharmaceutical industry is mainly concerned with creating customers in order to gain profit rather than creating actual cures, is one that must be changed as soon as possible, before this country becomes a victim of its own addiction. Hopefully soon America will rise above its obsession with the easy way out, because there is no easy solution to this dilemma.
In Melody Peterson’s “Our Daily Meds” , the history of marketing and advertising in the pharmaceutical industry is explored. The first chapter of the book, entitled “Creating disease”, focuses on how major pharmaceutical companies successfully create new ailments that members of the public believe exist. According to Peterson, the success that these drug manufacturers have experienced can be attributed to the malleability of disease, the use of influencial people to promote new drugs, the marketing behind pills, and the use of media outlets.
Dr. John Abramson’s book Overdosed America debunks the myths about the excellence of American medicine. Abramson backs up this claim by closely examining research about medicine, closely examining the unpublished details submitted by drug manufacturers to the FDA, and discovering that the unpublished data does not coincide with the claims made about the safety and effectiveness of commonly used medicines. Abramsons purpose is to point out the flaws of the pharmaceutical industry in order to warn the readers about the credibility of the drugs they are buying. Given the critical yet technical language of the book, Abramson is writing to an audience that may include academic physicians as well as those who want to learn about the corruption of the pharmaceutical industry.
In some instances, the pharmaceutical industry in the United States misleads both the public and medical professionals by participating in acts of both deceptive marketing practices and bribery, and therefore does not act within the best interests of the consumers. In America today, many people are in need of medical help. In fact,the Federal Trade Commission estimates that 75% of the population complain of physical problems (Federal Trade Commission 9). They complain, for example, of fatigue, colds, headaches, and countless other "ailments." When these symptoms strike, 65% purchase over-the-counter, or OTC, drugs.
The United States of America accounts for only 5% of the world’s population, yet as a nation, we devour over 50% of the world’s pharmaceutical medication and around 80% of the world’s prescription narcotics (American Addict). The increasing demand for prescription medication in America has evoked a national health crisis in which the government and big business benefit at the expense of the American public.
On Chapter 7, Frances describes ways the diagnostic inflation can be tamed. He stated, “We are spending a fortune fighting the losing war against illegal drugs, while barely lifting a finger to fight an easily winnable war against the misuse of legal grips”(p. 211). Before reading this book, I would have never imagined that we had a problem with people being prescribed an excessive amount of drugs they do not need. I agreed with Frances when he mentioned ways big pharma could be tamed such as reducing or removing advertisements on televisions, magazines or internet. Advertisements are very powerful and pharmaceutical companies have snuck their way into the homes of individuals. While I was reading France’s ideas, I agreed with a lot of them, but I felt that the people are still
In Melody Peterson’s “Our Daily Meds” , the history of marketing and advertising in the pharmaceutical industry is explored. The first chapter of the book, entitled “Creating disease”, focuses on how major pharmaceutical companies successfully create new ailments that members of the public believe exist. According to Peterson, the success that these drug manufacturers have experienced can be attributed to the malleability of disease, the use of influencial people to promote new drugs and the efficient usage of media outlets.
...ut throughout the past two decades, the realization of folly has called for a step in a new direction. For our society to finally rid ourselves of this parasite the change would have to be very slow; it would have to start with putting the entire industry in the hands of the government. In this way the corporation owners would truly be penalized while the product would be safer and the country would benefit from the profits. Marketing to children, testing underage smokers, using money to avoid the law, manipulating nicotine and suppressing research are among many of the immoral practices of the industry. Although they are very numerous and diverse they all share the same motive: to get rich. Money has become more important than compassion in the minds of the industry’s players. The success of the industry is merely a reflection of its immoral practices.
Why do consumers purchase specific drugs for various ailments, sicknesses or diseases they might have? Why do physicians prescribe certain drugs over competitive drugs that may be available to the public? Why is it that most of us can easily name specific drugs that fit the many ailments of today’s society? On the surface the answer might be as simple as good TV advertising or radio commercials or even internet adds. The truth of matter is the major pharmaceutical manufacturers own the patents on these drugs and this gives them all of the marketing budget and muscle they need to promote the drug and control the pricing. The incentives for larger pharmaceutical companies are very enticing and as a result, they don’t mind spending the time in clinical trials and patent courts to get their drugs approved. Some will even get patents on the process by which the drug is manufactured, ensuring that no competitor can steal the drug or the process. This protects their large financial investment and nearly guarantees a large return for their investors. Many consumer rights groups claim this is nothing more than legalizing monopolies for the biggest manufacturers.
In America, it has become a battle to earn a high paying job to cope with the expenses of a typical American. It has become even more of a battle for some people to afford medical prescriptions to keep healthy. Health becomes a crucial issue when discussed among people. No matter what, at one point or another, everyone is going to stand as a victim of the pharmaceutical industry. The bottom line is Americans are paying excessive amounts of money for medical prescriptions. Health-Care spending in the U.S. rose a stunning 9.3% in 2002, which is the greatest increase for the past eleven years. (Steele 46) Many pharmaceutical companies are robbing their clients by charging extreme rates for their products.
Pharmaceuticals are arguably one of the most contentious of all goods and services traded in the market. While medicines are as much a necessity as foods and water, they require more technical expertise and official approbation in the manufacture. Above all, they carry a moral weight that most market products do not (The Economist, 2014). This idea of moral can be linked to the recurring debate over whether a good health (which is represented by medicines, in this case) should be considered a basic human right, or just a normal commodity. A large portion of such controversy actually lies in an existence of drug patents: should we promote for longer-lasting patents or should we have their duration shortened?
In the business of drug production over the years, there have been astronomical gains in the technology of pharmaceutical drugs. More and more drugs are being made for diseases and viruses each day, and there are many more drugs still undergoing research and testing. These "miracle" drugs are expensive, however, and many Americans cannot afford these prices.
“The root cause is a vast, multi-layered incommensurability between the institutions of globalized, market driven society and the basic psychological, social and spiritual needs of human beings” (229). Something that is only briefly recognised in public discussion. The normal methods of intervention are enormously expensive with minimal effects. “Illegal drug business and legal pharmaceutical industries” (229) are financially benefiting from the damaging drugs people use. During a time that is almost complete “domination of Canadian thought by the logic of globalization, it is difficult” (229) to even to come up with a good way of improving dislocation. Dodging these tough realities has created a deadlock and caused us to infinitely endure feeble interventions and ridiculous “war on drugs”
The time and cost it takes to put a drug through the trials as well as the FDA’s regulations make the rarely successful process a huge commitment for these drug companies. Next, the author compares the cost of drugs to the amount of lawsuits the companies receive. There are many risks to mass-producing drugs and with the FDA siding with Public Safety, the author states that drug companies can lose a lot of money. This is because the FDA is not willing to take any risks in approving drugs due to the repercussions being so severe, The final idea the author discusses is the process of research itself. The drug companies revenue is put towards developing new drugs that will help the public. This can be a very costly process which is why a lot of money is needed to support the research. Epstein’s purpose in writing this article is to defend the rising costs of pharmaceutical drugs in order to get people to understand the drug companies point of view and contributions to society. This article can be considered credible because it comes from Opposing Viewpoints in Context. This is a very reliable database for gathering
Studies have shown that about 90 people die a day from an opioid overdose. According to “The Opiate Epidemic – A Conspicuous Conspiracy,” “The simple truth here is that the pharmaceutical industry makes a lot of money when people buy and then become addicted to opiate pain pills. From a business standpoint, pharmaceutical companies profit when people take drugs for pain, and those profits increase dramatically when addiction is involved as such pill pushers then have convenient, lifetime customers.” Many think the Big Pharma is the cause of the outbreak for the profit. They are money hungry and what is a better way of getting money than getting your citizens addicted? Nothing because with an addiction the people will do anything to get their hands on the drugs and pay whatever price is needed. On account that the Big Pharma is so money hungry would they ever release the cure for cancer? What about
This article deals with the politics and the various debates involved in the field of pharmaceutical industry in reference to the lifesaving medicines and treatments. It is hardly a contested fact that there is something wrong in the way the Food and Drugs Administration (FDA) and the pharmaceutical industry works; keeping in mind that the prime objective of both the institutions is a moral one, one that involves the lives of many, i.e. insuring proper health and access to life saving drugs. Let us now take a glimpse at the story of Ron Woodroof, also shown in the Oscar winning movie, Dallas Buyers’ Club (2013), to have a basic understanding of the topic.