BHS 499 (Senior Capstone Project) Module 2 SLP Essay

BHS 499 (Senior Capstone Project) Module 2 SLP - Essay Example He would also require drug companies to offer bigger discounts/rebates (at least 22.1), to Medicaid, for the health program of low-income people. This up-to-date proposed legislation is directed to create an abbreviated pathway, as well as the potential effect of the said pathway for FOB approval of the PHS Act biologics on specific federal spending. In recent years, the introduction of bio-equivalent generics for drugs which are chemically synthesized or "conventional drugs" resulted in considerable generic penetration as well as average price effects (Mathieu, 2004; pp. 10-1). In pharmaceutical industries, Patents serve to protect inventors' intellectual property rights at the same time allowing them to share information which others might use in order to progress or advance the field. Yet, in the modern pharmaceutical business, the system is quite grossly abused as it permits companies to patent drugs which are not reasonably considered as "new inventions'. As a matter of fact, several companies flooded the market with drugs which are not affordable. This practice has been used by many companies to prevent altogether and delay competition among generic drugs. 2008) that those doctors prescribe. Doctors normally prescribe more drugs the moment they acquire gifts from drug makers.