Summary
The prices of some pharmaceutical drugs in America have become unaffordable for many Americans. Although affordability varies for each drug, overall cost has become a problem because people who are sick might not be able to afford the medicine they need. The cost of medication is so high partly because drug companies need to pay for their research, which is understandable, given that companies who often pour a lot of time and expense into producing the drug deserve recompense. However, sometimes companies inflate the prices of a drug beyond what a consumer could ever possibly afford. Is it possible to make prescription drugs more affordable to the average consumer, while also resolving the issue in a way that is fair to pharmaceutical companies? In order to study this, I looked at the current system of producing pharmaceutical drugs in the United States, as well as industries within other countries such as the U.K.