Title: The influence of Pharmaceutical corporations on health care policies
Write a research paper on the influence of Pharmaceutical corporations on health care policies.
The paper must be a minimum of three to four pages, typed (size 12 font & Times New Roman lettering), double-spaced, with in-text citations and a references page (per APA format). A minimum of THREE references is required.
Title: The influence of Pharmaceutical corporations on health care policies Write a research paper on the influence of Pharmaceutical corporations on health care policies. The paper must be a minimum
6 The Influence of Pharmaceutical Corporations on Health Care Policies University Name Student Name Instructor Date The Influence of Pharmaceutical Corporations on Health Care Policies Pharmaceutical corporations have proved to be one of the most important and valuable corporations in the American economy over the years. Last year, the pharmaceutical industry was the most profitable of all industries (2018). Pharmaceutical manufacturing, sales, genetic testing, workplace drug testing, and all hospitals and medical services in the United States produced $560 billion in revenue in 2018, making it the most profitable sector of our economy with the highest net margin (“The top 15 pharma companies by 2018 revenue”, 2018). Pharmaceutical companies have an impact on health-care policies because the health-care delivery system depends on pharmaceutical corporations for drugs, tests, and services. To fully comprehend how pharmaceutical corporations can influence health-care policies, it is necessary to first define healthcare policies. Health Policies refer to the development of present and future goals relating to health care and the health care system by government and other policy makers, as well as the articulation of arguments and decisions regarding these objectives in laws, judicial opinions, rules, guidelines, standards, and other documents that affect health care and public health (“Core Health Policy Library Recommendations, 2011”, 2021). As a subfield of health policies, health care policy focuses on the organization, funding, and delivery of health care services (Acuff, 2017). Preferred provider networks and managed care providers, for example, may provide health care, and Medicare, an individual policy, or supported health insurance through an individual employer may provide funding. Some of the medical care you provided could be linked to federally funded research aimed at identifying and providing the best treatment. Pharmaceutical corporations are in the business of making money; they are licensed to produce, research, market, and distribute drugs and services to health-care organizations, hospitals, and private practices in the majority of cases. Despite the numerous controversies that they have had to endure, pharmaceutical corporations are today the most profitable and influential corporations that exist. They can deal in brand or generic medications, and despite being subjected to multiple laws and regulations regarding prescription drugs, testing, and patenting, pharmaceutical corporations are the most profitable and influential corporations that exist. Owing to the fact that they are one of the most powerful corporations in the United States and have a significant presence in the health-care industry, they are in a position to influence health-care policy. The Pharmaceutical Research and Manufacturers of America (PhRMA) lobbying group spent at least $101.2 million to sway the national health reform debate in 2009. To get a new drug to market, drug companies spend an average of 1.3 billion dollars on research and development (Lowenstein, 1995). Since the health-care delivery system is reliant on pharmaceutical companies for drugs and services, the goal of the health-care policies is to make institutions, funding, and delivery of health-care services dependent on pharmaceutical companies. Because of the Pharmaceutical Corporation’s strong influence on health-care policies, it is also possible for them to target doctors in order to maximize profits. According to IMS Health, the pharmaceutical industry spent 6.1 billion dollars in 2010 to influence American doctors and another 4 billion dollars on direct to consumer ads. Pharmaceutical companies often target medical students, who would be bombarded with advertisements that would lead to a link between doctors and the corporations, potentially harming the health-care system. While in training, medical students are exposed to pharmaceutical marketing through donations of food, books, and drug samples. This exposure increased from 33.3 percent to nearly 72 percent as students progressed to clinical training (Kshirsagar & Vu 2016). Pharmaceutical companies and corporations are realizing the financial benefits of establishing relationships with medical students years before they are allowed to practice medicine on their own. Pharmaceutical companies can influence health care policies by gaining a better understanding of physicians. Doctors prescribe medications and use the services and equipment developed by pharmaceutical corporations, and pharmaceutical corporations’ research is vital knowledge for all physicians and medical staff. Because the Health Care Policy is in charge of educating practitioners, regulating drugs and drug safety, administering health programs, and safeguarding and delivering to the Public Health System. Pharmaceutical corporations, without a doubt, exert significant influence and control over health-care policies through physicians, facilities, and medical institutions that rely on their goods and services. They manufacture drugs that are prescribed to patients and occasionally cause harm when preventative measures should have been taken to avoid the illness in the first place. Some of these corporations’ policies are designed to maximize profit; for example, they use ads and campaigns to promote excessive drug use, as well as lobbying to persuade doctors to use their products. There is a strain on health care policy to promote health care delivery systems as more people need medical care and cures, leaving them with no choice but to rely on pharmaceutical corporations that have influence over health care policies. References Acuff, K. (2017). Healthfully. Healthfully. Retrieved 22 March 2021, from https://healthfully.com/259661-definition-of-health-care-policy.html. Core Health Policy Library Recommendations, 2011. Nlm.nih.gov. (2021). Retrieved 22 March 2021, from https://www.nlm.nih.gov/nichsr/corelib/corehp-2011.html. Health Systems Governance. WHO.int. (2021). Retrieved 22 March 2021, from https://www.who.int/topics/health_policy/en/. Kshirsagar, R., & Vu, P. (2016). in-Training. Retrieved 22 March 2021, from https://in-training.org/drugged-greed-pharmaceutical-industrys-role-us-medical-education-10639. Lowenstein, L. E. (1995). Health Policy and Nursing: Crisis and Reform in the US Health Care Delivery System. The top 15 pharma companies by 2018 revenue. FiercePharma. (2018). Retrieved 22 March 2021, from https://www.fiercepharma.com/special-report/top-15-pharma-companies-by-2018-revenue.