drug cost is a global problem - Comment - Israel News | Haaretz Daily Newspaper
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    • zionist forever
    • 28.06.13 | 14:40 (IDT)

    The cost of drugs is problem because companies are allowed a monopoly on that drug for about 20 years after its release on the market so if docotrs want to prescribe a drug then they no choice but to prescribe the brand name rather than a cheaper generic alternative. Whilst this is non good for either patients or healthcare system it is justified because the companies invest millions to develop drugs and so they need to recoup their costs and make a profit. So for the healthcare system its always a balancing act between cost and treatment. Reminding doctors of the cost of drugs is not banning their use its just if there is a cheaper drug that will do the same job then prescribe that instead to save the health service money but if there is no cheaper alternative well guess you have to go ahead and prescribe the expensive one.

    from the article: Hadassah to remind doctors of medicine costs
    First published 03:12 28.06.13 | Last updated 03:12 28.06.13
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