Question

Essay on "Lowering prescription cost for families and elderly.

Answer 1

The cost of many of the prescription drugs are very high. A working class family cannot always cope up with this . The prescription drug pricing reduction act 2019 will make a considerable changes in the health sector. The accessibility towards health for all categories of people will become more feasible by this. According to the studies federal government health insurance plan for elderly will make beneficiaries at 3100 dollars starting in 2022. It will also panalise the pharmaceutical companies who rises the drug price above the range given. The drug price legislation will allow medical companies to negotiate lower drug prices and allows discounts to private health departments. The creation of international pricing index will help to bring drug prices in line with what other nations pay for the drug. The federal government should negotiate directly with the manufacturing companies to bring down high prescription drug prices to the families and the elderly.

The bill that produced in 2019 will bring more benefits to the families since it will force the pharmacy benefit managers to disclose information on discounts they are negotiating. Also it will requires the drug manufacturers to report the health and human service department information and other required documents needed to justify the price increase for the prescription drugs.