Pharmecutical Companies: Are they overcharging?
Date Submitted: 09/10/2006 00:27:47
Category: / Social Sciences / Controversial Issues
Length: 2 pages (631 words)
Category: / Social Sciences / Controversial Issues
Length: 2 pages (631 words)
There are many different takes on whether or not the pharmaceutical companies are over charging for their products. I will discuss both sides briefly and then give my final opinion.
For the pharmaceutical companies:
The pharmaceutical company's profit margins are not as high as some would have us believe. Compared to other industries marketing to the general public there percent of profit is much lower. For example Microsoft's profit as a percent in 2002 was 36.6 and …
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References
WebMDHealth, (n.d.). Industry profits: Are Pharmaceutical Companies' Profits Too High? The Facts Say Otherwise. Retrieved Dec. 10, 2004, from Are Pharmaceutical Companies' Profits Too High? Web site: http://my.webmd.com/content/pages/19/103976.htm.
PNHP, (2003). State Sues Drug Companies, Claiming Price Gouging. Retrieved Dec. 10, 2004, From State Sues Drug Companies, Claiming Price Gouging: Physicians for a National Health Program Web site: http://www.pnhp.org/news/2003/march/state_sues_drug_comp.php.
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