Ageing is generally associated with many health related problems and hence elderly people spend a major amount of money towards medical care expenses. According to studies nearly 90% of the elderly aged above 65 years and on an average take at least 5 prescription drugs…
ribed in case of the elderly and the price are these drugs are more compared to the older drugs thus adding additional burden on the elderly (Berndt et al, 1998). However, those who rely on a fixed income are vulnerable towards price inflation of prescription drugs due to which they either skip doses or at times even forgo the prescriptions which can have an adverse affect o their health (Berndt et al, 1998; Safran et al, 2005). According to a national survey report on prescription drug adherence by the elderly more than one-quarter of elderly did not adhere to the prescription due to the associated high costs. The non adherence was more prominent among those without drug coverage, low-income groups and those with complex chronic illnesses (Safran et al, 2005). The introduction of public health insurance programs such as Medicare and Medicaid and private-employer insurance programs has not seen a significant reduction in prescription drug adherence by the elderly. These programs cover only partial medical services for the elderly and do not cover the costs of outpatient prescription drugs (Safran et al, 2005; U. S. Healthcare, 2010; The cost of Prescription Drugs, 2001; Shang & Goldman, 2007). This coupled with the rising inflation and global economic recession in the recent years has only laid excess strain on healthcare expenditure due to which the costs have outweighed the benefits (U. S. Healthcare, 2010).
The increase in the costs of prescription drugs has been mainly associated with the emergence of expensive state-of-the-art technology in drug production and for the development of such high-end drugs the costs will have to be shared with the consumer. Factors such as larger prevalence of chronic and long-term illness coupled with longer life spans have increased the demand for such drugs. Additionally population ageing and administrative costs also add up to the health care costs (U. S. Healthcare, 2010). Public health insurance programs such as Medicare ...
Cite this document
(“Prescription Health Care Costs and its Effects on the Elderly Essay”, n.d.)
Retrieved from https://studentshare.net/miscellaneous/393609-prescription-health-care-costs-and-its-effects-on-the-elderly
(Prescription Health Care Costs and Its Effects on the Elderly Essay)
“Prescription Health Care Costs and Its Effects on the Elderly Essay”, n.d. https://studentshare.net/miscellaneous/393609-prescription-health-care-costs-and-its-effects-on-the-elderly.
Nonetheless, there is going to have significant impact on the healthcare economy and bottom line of manufacturers as there are many provisions in the health-care-reform law that are likely to have the direct or indirect consequence of increasing the volume of product sales that include prescription drugs.
As is usually the fate of high profile conferences held in beautifully exotic and remote locations, the conference participants were inspired to establish an ambitious target of reaching the goal of "Health for All by the Year 2000."
In their final declaration, the conference participants agreed on an idealistic and kilometric definition of primary health care as "care based on practical, scientifically sound, and socially acceptable methods and technology made universally accessible through the people's full participation and at a cost that the community and country can afford, in each and every stage of development, with a spirit of self-responsibility and self-determination
The method of delivering health care has altered dramatically because of building of hospitals, developments in the field of surgery, and the improvement in the internet. In the past 10 years there has been a major shift in the Health Care industry due to the rise of internet health care services (Barnes etal 2003).
s move was politically important as it had been noticed that a substantial number of elderly Americans and the disabled needed assistance, because they could not afford the rising cost of prescription drugs which had started to play an important role in modern therapy. However,
US has had many policies adopted for many years and changes have been witnessed out of these adoptions in the healthcare sector and it is of late that a major bill on healthcare was passed in Congress under Barrack Obama’s
In their analysis of the effects of increasing use of private insurance on the Australian healthcare system Hall and Maynard identify that the strategy of subsidising insurance premiums has been expensive but electorally successful. The UK government has chosen to buy increased capacity from the independent sector.
2 Pages(500 words)Essay
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Essay on topic Prescription Health Care Costs and its Effects on the Elderly for FREE!