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TMA02 - Q1 -Read about the macro-environmental factors influencing the…
TMA02 - Q1 -Read about the macro-environmental factors influencing the external environment of the company in ‘Materials’, ‘Part 1’.
Considering what you have studied in Week 6, analyse the macro-environment of the organisation. (400 Words)
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Environmental - environmental protection laws, waste disposal or energy consumption
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Economical - Inflation rate, interest rates or new economic policies
And patients with commercial health insurance are paying 25 percent more in out of-pocket expenses for branded prescriptions than they did in 2010, according to IMS Institute for Healthcare Informatics.
Big Pharma are renowned for drastically increasinf the price of necessities. Having healthcare is not aluxury, its a need. However, current environemt is showing that the
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Ethical - Salaries paid to workers, food safety or animal welfare
More and more Americans are finding the cost of drugs to be unreasonable while less and less are saying prescription drugs have improved their lives, according to a 2016 Kaiser Health Tracking Poll. The poll also found:
In 2015, 62 percent of Americans said prescription drugs have made their lives better — down from 73 percent in 2008.
An estimated 77 percent of Americans in 2016 said drug prices were too high compared to 72 percent in 2015.
And a large majority (78 percent) of Americans say there should be a limit on the amount drug companies can charge for high-cost drugs for illnesses like hepatitis or cancer. (As of May 2017, a 30-day supply of Gilead Sciences hepatitis C drug Harvoni cost $87,800, an increase of $13,800 from 2016.)
Overall, brand-name drug prices in the U.S. have increased 98.2 percent since 2011, with the average price of prescriptions climbing 16.2 percent in 2015 alone, according to Express Scripts.
And patients with commercial health insurance are paying 25 percent more in out of-pocket expenses for branded prescriptions than they did in 2010, according to IMS Institute for Healthcare Informatics.
What’s worse: prescription drug prices are increasing dramatically even though the drugs’ ingredients often times stay the same. Although the FDA [Food and Drug Administration: the US federal agency responsible for protecting public health] is charged with ensuring drugs are safe and effective, the federal agency has no legal authority to regulate drug prices.
“Physicians strive to provide the best possible care to their patients but increases in drug prices – without explanation — can affect their ability to offer patients the best possible drug treatments.”
The ethics of these big pharma organisations are a shambles. They are not working for their customers but for their own benefit. We see the issues below from the case study that shows us these organisations are not paying attention to the ethics and moral compasses of what their selfishness is causing.
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