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A Does of Reality

In: Business and Management

Submitted By ladycam5
Words 291
Pages 2
Through the use of prescription drugs, many health care problems have been cured, prevented, and managed effectively for many years. In order to keep people from needing other expensive health care spending, prescription drugs are given. But with the increase in the cost of prescription drugs, all sectors of the healthcare industry have been affected, including our patients, private insurers, and public programs. Those that are uninsured generally require more rigorous health services, are less likely to purchase the prescribed drugs suggested by their physician, and have low incomes. With the cost of prescription drugs steadily rising, those who without insurance coverage do not receive any discounts or rebates on prescription drugs and are expected to pay two times the amount for prescription drugs compared to what those who are insured has to pay. With the cost of prescription drugs being higher, health care cost are requiring a greater percentage of employee’s income where out of pocket expenses are increasing as well. With more people retiring, taxes in which the government health care programs are drawing its funding from are decreasing. So in order to develop a prescription drug plan for seniors, all tax-paying employees will help fund this plan. The cost of prescription drugs today has also played a key part in the lack of preventive care which helps explain the chronic illnesses found among our senior citizens in rural areas. Most people in rural areas with no drug coverage usually have incomes below poverty level and do not qualify for government assistance like Medicaid or Medicare. If not carefully monitored, the upcoming retirement age group for this baby-boomer generation will lead to the economic deprivation of Medicare.

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