Why Prescription Drugs Expensive
We all fall ill at some point. Some diseases last for a short time. Some diseases are chronic and can last a person’s life. When you are ill, seeking medical care is essential. When you have sought medical help, your treatment may involve the use of drugs. Some drugs are sold over-the-counter while with others, you need a medical prescription to get them. If you’ve ever been on prescription drugs, you must know how expensive they can be. If you have purchased prescription drugs, it most likely boggles your mind why they are so expensive. Although insurance may offset the price of prescription drugs, it will be still expensive to acquire them due to copays and deductibles. If the high cost of prescription drugs baffles you, you most likely want to know how you can get them at lower costs. This is made possible by a pharmacy checker. Before we get to that, we will be discussing some of the reasons that make prescription drugs expensive.
The first and probably the biggest problem is that drug manufacturers set their prices. The government lets manufacturers set the prices other than working with national health programs. As a result, the cost of the drugs in question are high. Research and development is usually blamed for this high cost. This is not true in all cases. Organizations fund research and development of most drugs. Prescription drugs are also expensive since the government protects drug manufacturers. The government tries to protect innovators and as a result, drug manufacturers get patents that last twenty years. This results in them exploiting the market for over 20 years.
Generic drugs are a great alternative to original prescription drugs. They come at a lower cost compared to their original counterparts. However generic drug manufacturers must wait for the patent to be over. Many challenges face the manufacturing of generic drugs. When the patent is coming to an end, original drug manufacturers make minor tweaks to the composition of the drug. The approval of generic drugs also takes a long time. Original drugs are sold at competitive prices once generic drugs are approved.
You have learned some of the reasons that make prescription drugs expensive. The big question is how to acquire the drugs at low prices. One answer to that is with a pharmacy checker. Another option is purchasing prescription drugs online. With a pharmacy checker, you will find out the lowest cost of the prescription drug in your area. A pharmacy checker will allow you to compare the costs of prescription drugs and find the best pharmacy to go to. More about pharmacy checker can be learned from this website.