Pharmaceutical Companies and Physicians: A Discussion
The power of pharmaceutical companies cannot and should not be underestimated in any manner. Their power is immense as is their influence and more consumers need to understand how they constantly shape the industries of health, medicine and wellness. However, it’s important to acknowledge the intensity of the connection between doctors and pharmaceutical companies. This is a connection that begins when doctors are in medical school—they are subjected to a barrage of gifts, meals, trinkets and drug samples that starts early and continues on throughout their professional careers (Kshirsagar &Vu, 2016). Clearly this rapport creates a conflict of interest that can be damaging to the healthcare system. In order to protect themselves, consumers and citizens everywhere should demand a greater level of transparency in regards to how doctors are being compensated among other things. This paper will discuss in depth the necessity for a higher level of transparency in this regard and how this will directly benefit both the individual and society.
Federal legislation requiring a disclosure of payments made to physicians should be mandatory. It is crucial for citizens to know the amount and extent that doctors are being compensated by these pharmaceutical companies. However, it can’t simply be dollar amounts that are revealed. Pharmaceutical companies are incredibly sneaky and would likely find ways to evade...
Doctors Drugs Although the Affordable Health Care Act represents a step in the right direction towards encouraging all Americans to avail themselves of medical services, the bill fails to address the root causes of problems in the system. The American health care system is flawed because it is a for-profit model that places profits far ahead of patients. When profits come ahead of patients, the result is an inability to fulfill
Patients have a right to know if their doctor's decision to prescribe a certain medication has been influenced by free lunches or other perks, rather than that doctor's objective overview of prescribing information. In fact, the real ethical issue presented in the underlying case is not that the doctors are accepting gifts from the pharmaceutical companies. Drug companies did decide to some degree of self-limit in their gifts to physicians.
Pharmaceutical industries have to operate in an environment that is highly competitive and subject to a wide variety of internal and external constraints. In recent times, there has been an increasing trend to reduce the cost of operation while competing with other companies that manufacture products that treat similar afflictions and ailments. The complexities in drug research and development and regulations have created an industry that is subject to intense
Direct to Consumer Advertising HISTORY OF DRUG ADVERTISING THE DTC ADVERTISING PHENOMENON CREATING DEMAND DECEPTIVE ADVERTISING - A WOLF IN SHEEP'S CLOTHING CAUSE OF DEATH PROFIT UTILIZATION, PRICING, AND DEMOGRAPHICS LEGISLATION, POLITICS AND PATENTS LEGISLATIVE INITIATIVES REGARDING DTC RECALLED and/or DEADLY DRUGS In order to provide the most efficient method of evaluation, the study will utilize existing stores of qualitative and quantitative data from reliable sources, such as U.S. Government statistical references, University studies, and the studies and publications of non-profit
Marketing Success of Pfizer Pharmaceutical Company Pfizer is undeniably the most successful pharmaceutical company in existence. It rated first in U.S. sales from April 2002 through March 2003, with a total sales number of $20 billion USD, which accounted for 10% of the market share, and 12% growth. It ranked #1 ahead of GlaxoSmithKline, Johnson & Johnson, and Merck & Co., which took the second, third, and fourth spots, respectively.
Ethical Analysis of Merck and Vioxx How could Merck management have handled the research, development and marketing of Vioxx in a more ethically responsible fashion, if at all? On September 30, 2004, Merck & Company declared the drawback associated with Vioxx, its extremely profitable pain reducer for osteoarthritis victims, from the marketplace. This particular move came only 7 days after scientists within the company discovered in a medical trial that subjects who
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