HP 609 Week 6 Assignment 1: Health Policy Event

March 1, 2022

HP 609 Week 6 Assignment 1: Health Policy Event

HP 609 Week 6 Assignment 1: Health Policy Event

HP 609 Week 6 Assignment 1: Health Policy Event

Summary

Today’s discussion covered drug prices in the United States (U.S) and why these prices keep going up. The participants in this forum discussed a lot of information regarding why drug prices are high, from existing drug payers that exist, such as Medicare & Medicaid which are government payers and private payers, to comparing drug costs in the U.S versus other developed countries. Trump’s blueprints were also mentioned and how only a few people had seen or even read them. Another aspect of this discussion was how the high prices were in fact impacting the consumers, of which it was noted that consumers are sheltered from the actual costs, therefore, they never quite know how expensive their drugs are.  It was also pointed out that most physicians are clueless on the cost of the medications they prescribe. Factors that were leading to high prices were mentioned to be lack of competition, the generic drugs being prescribed more and yet there are drugs that are still expensive among many other factors, drugs not having substitution too drove the prices high.

Analysis

In today’s economy, people are having to choose between buying groceries, paying their bills and paying for their medications. High drug costs are not a new thing that just happened, drug prices have been spiking for a while now, however, when certain medications prices become unreasonable, then it is time to act. It was noted in a survey that it was not until the price of the Daraprim went up to 750 dollars (Hyman and Silver, 2019) that it was time for action. People are taking to rationing their medication due to affordability issues and the ends results are not good. People’s conditions are worsening as a result of this. Working toward solving the drug price problem has a lot to put into action, and this would take a while. Steps such as patent use, right diagnosis and treatment, allowing Medicare to negotiate with drug companies and free health care for all.

If the government initiates the patent use, it gives them the upper hand at stopping the monopoly that pharmaceuticals have been conducting. This would enable for multiple contractors to produce the same product even without the patent holder’s approval. This in turn leads to ease accessibility and availability of the same drug at a much cheaper price. Right diagnosis and treatment would also help patients not to spend money on unnecessary medication. Many a time a patient is given the wrong diagnosis and treated for that illness for a while before the error in diagnosis is finally realized. However, by this time the patient has already spent thousands of dollars on drugs that should not have been prescribed to begin with. Therefore, providers should look at results twice and critically before diagnosing patients, hence saving costs on treatment.

Having the Bipartisan Budget Act (H.R 1892) activated would also save the drug prices to an extent that manufacturers will not be increasing prices (Waxman et al, 2020) each time they have a slight change in the formulary. Companies developed a tendency to increase prices each time they made any chances to the formulary. This increase in prices always catches unaware especially if they really need that drug hence having to keep up with the prescription regardless of the price. Additionally, this Act would also help with closing the Medicare part D gap and increasing manufacturer drug cost liability (Waxman et al., 2020). The patients will still be expected to pay a fee for their prescriptions, but their coverage benefits will not be affected at the end of the year.

Free healthcare for all is another solution to consider. The U.S is a developed and wealthy country, whose population pays taxes. Using these taxes, the U.S can emulate other developed countries like Canada, Germany’s health care systems where all their people have

HP 609 Week 6 Assignment 1 Health Policy Event

HP 609 Week 6 Assignment 1 Health Policy Event

coverage and do the same for the American people. Then give people the choose to provide themselves with private coverage if they want to. This would give more chance for treatment for patients with chronic diseases like Diabetes. Over 9 percent of the people is diagnosed with Diabetes (Nguyen & Mui, 2020) and most often they need their medication like insulin to survive. However, knowing that insulin costs around 160 dollars a year for non-insulin patients and 512 dollars for insulin dependent patients (Nguyen & Mui, 2020) can be very costly for patients to afford. Having everyone covered through the same insurance would ensure treatment for all with no stress to the patients.

Click here to ORDER an A++ paper from our Verified MASTERS and DOCTORATE WRITERS: HP 609 Week 6 Assignment 1: Health Policy Event

References

Hyman, D. A., & Silver, C. (2019). Why are we Being Overcharged for Pharmaceuticals? What Should We Do About It? Journal of Legal Medicine39(2), 137–149. https://doi.org/10.1080/01947648.2019.1645542

Nguyen, A., & Mui, K. (2020, April). The Staggering True Cost of Diabetes – GoodRx. Goodrx. https://www.goodrx.com/blog/wp-content/uploads/2020/04/Diabetes-Cost-White-Paper.pdf.

U.S. Drug Prices. The Forum at Harvard T. H. Chan School of Public Health. (2018, November 27). https://theforum.sph.harvard.edu/events/u-s-drug-prices/.

Waxman, H. A., Corr, B., Sharp, J., McDonald, R., & Kenyatta, K. (2020, October). Getting to Lower Prescription Drug Prices. commonwealth fund. https://www.commonwealthfund.org/sites/default/files/2020-10/Waxman_GettingtoLowerRxPrices_report_v3.pdf.

 

Instructions

The Health Policy Event you choose to attend must be related to the current week’s topics.

Please submit your Health Policy Event Log for Week 6 in one Word document to this assignment. Access the Guidelines for the Health Policy Event Assignment (Word) for full instructions.

Links to Health Policy Events for this Week

If you find another event you are interested in attending related to the current week’s topics but are unsure if it would be eligible, email your instructor and ask.

Please refer to the Grading Rubric for details on how this activity will be graded.

To Submit Your Assignment:

  1. Select the Add Submissions button.
  2. Drag or upload your file to the File Picker.
  3. Select Save Changes.
Health Policy Event Log Rubric – 100 Points
Criteria Exceeds Expectations Meets Expectations Needs Improvement Inadequate Total Points
Uses these headings:

  1. Name of event, sponsor of event, and link to event.
  2. Place of event, date of event, length of event.
  3. Names of participants and their titles.
  4. Brief summary of the topic discussed. (200–400 words)
  5. Summarizes, my analysis of the issue and its implications for health care.
Log addresses items 1–4.

Posted on time.

15 points

Log addresses 3 of the 4 items.

Not posted on time.

10 points

Log addresses 2 of the 4 items.

Not posted on time.

5 points

Log addresses one of the 4 items.

Not posted on time.

0 points

15
Uses this heading: My analysis of the issue and its implications for health care (500-750 words). There is robust analysis and evidence of integration of course content, utilizing course topics.

Analysis section is between 500 and 750 words.

35 points

There is robust analysis with partial evidence of integration of course content utilizing course topics.

Analysis section is between 500 and 750 words.

30 points

There is minimal analysis, repeats what participants say, and there is partial evidence of integration of course content utilizing course topics.

Analysis section is fewer than 500 words.

25 points

There is superficial analysis, repeats what participants say, and there is no evidence of integration of course content utilizing course topics.

Analysis section is fewer than 400 words.

20 points

35
Integrates course content and readings into analysis Course content and readings are integrated into analysis.

Two current (within last six months) references are introduced.

25 points

Course content and readings are partially integrated into analysis.

One current (within last six months) reference is introduced.

20 points

Course content and readings are minimally integrated into analysis.

One reference (not current) is introduced.

15 points

There is superficial integration of course content and readings into analysis.

No references are introduced.

10 points

25
Writing Mechanics and APA Formatting Few to no writing mechanics or APA errors.

25 points

Few to several writing mechanics or APA errors.

20 points

Several to many writing mechanics or APA errors.

15 points

Many writing mechanics or APA errors.

10 points

25
Total points 100
PLACE THIS ORDER OR A SIMILAR ORDER WITH ALL NURSING ESSAYS TODAY AND GET AN AMAZING DISCOUNT  ordernowcc-blue
Posted in nursing by Clarissa