The Medical Field For The Health Care System - 1631 Words

If hospitals and clinics would accurately charge for the items and manpower that surgeries took, the medical field would be more honest, and much more affordable for the average American. The rampant over charging of Americans in the health care system is simply unacceptable when other first world countries have widespread or even free health care for their citizens. The act of closing a wound with a needle and thread is an ancient procedure, and a comparatively cheap procedure. However, with today’s perversion of health care pricing a procedure as simple as 3 stitches in one s forehead could cost almost $3,000. Every year, these outrageous hospital charge account for almost one third of the spending in the American Health Care bill’s†¦show more content†¦EpiPen, which is an auto-injector of epinephrine is extremely crucial and parents have to buy it in an emergency situation (Rosenthal 2). While the actual medicine is very cheap and has been used for many years, the design of an EpiPen, which injects the medicine into the body has allowed the company to get the patent and increase its price. Price hike was very dramatic, reaching $600 for two pens which expire after a year. It has been observed that the level of allergies has been rising, which only benefits the company. So, what allows these companies to price drugs as they want? Obviously a lack of regulation. American government believes that allowing companies to have a patent and prize the food as they want encourages them to put a lot of money in RD because they know that once they have a product, they can enjoy monopoly power and get huge profits. So, the idea is that if government intervenes, companies will be discouraged from inventing new remedies (Rosenthal 2). Is that reasonable and justifiable answer? Obviously the more profit they can make, the more incentivized they are to invent something, but will decreasing their profits slightly really discourage them from producing? While they can keep the patents, they could try setting an upper bound to the price they can charge will help consumers buy the good that they need. This increased price of goods is burden forShow MoreRelatedHealthcare Shortage1426 Words   |  6 Pages According to projections by the Association of American Medical Colleges, the nation will be short more than 90,000 physicians by 2020 and 130,000 physicians by 2025. Everyone deserves a better health maintenance, but sometimes there are not enough providers to make it happen. In the last two decades, the United States and some cities around the world have faced some serious problems because of the shortage in their health system structure. 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