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Arguments against drug pricing controls

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Issue:

Business

 

Written by:

Gloria C

 

Date added:

October 15, 2013

 

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Grade:

A

 

No of pages / words:

15 / 3973

 

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1844 times

 

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Essay content:

30, 2001, the New York Times reports. According to the study, drug companies spent about $231 million to develop a new treatment in 1987, and if the cost had risen the same as the rate of inflation, the it would have increased to $318 million in 2000. According to Clay O'Dell, a spokesperson for the Generic Pharmaceutical Association, the "suspect" study also "ignores the fact that some of the drug development costs are tax deductible and that some of the research is subsidized by the government through NIH" (New York Times, 12/1)...
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30, 2001, the New York Times reports. According to the study, drug companies spent about $231 million to develop a new treatment in 1987, and if the cost had risen the same as the rate of inflation, the it would have increased to $318 million in 2000. According to Clay O'Dell, a spokesperson for the Generic Pharmaceutical Association, the "suspect" study also "ignores the fact that some of the drug development costs are tax deductible and that some of the research is subsidized by the government through NIH" (New York Times, 12/1)...
displayed 300 characters

General issues of this essay:
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