American Journal of Bioethics Archives | Elizabeth May https://elizabethmaymp.ca/tag/american-journal-of-bioethics/ MP for Saanich and Gulf Islands Fri, 05 Mar 2021 16:55:22 +0000 en-US hourly 1 https://elizabethmaymp.ca/wp-content/uploads/cropped-elizabethmay-button-32x32.png American Journal of Bioethics Archives | Elizabeth May https://elizabethmaymp.ca/tag/american-journal-of-bioethics/ 32 32 What is the Single-Fastest Increasing Cost to the Health Care System? https://elizabethmaymp.ca/what-is-the-single-fastest-increasing-cost-to-the-health-care-system/ Tue, 17 Jul 2012 11:31:35 +0000 http://elizabethmaymp.ca?p=6042 The cost of pharmaceutical drugs is the fastest growing portion of health care costs. Pharmaceutical companies claim that the high prices – many times more than the actual…

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]]> DollarsThe cost of pharmaceutical drugs is the fastest growing portion of health care costs. Pharmaceutical companies claim that the high prices – many times more than the actual cost of manufacturing the drug – are necessary to recover their investment in research and development. Recent studies from around the world have debunked this claim. (Light, et al, “Will lower drug prices jeopardize drug research: a policy fact sheet,” American Journal of Bioethics, 2004.)

The Canadian Diabetes Association advocates that no Canadian should spend more than 3% of their total after tax earnings on necessary prescribed medications and other treatments. This is a good principle to support.

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