Discussion 8 - The economics of the pharmaceutical industry

Question # 00845141 Posted By: wildcraft Updated on: 08/26/2023 01:57 AM Due on: 08/26/2023
Subject Economics Topic General Economics Tutorials:
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Discussion 8

In this discussion, we will examine the economics of the pharmaceutical industry. Marketing accounts for a much larger portion of the expenses in the pharmaceutical industry than in other healthcare industries. The FDA lifted restrictions on TV ads for prescription drugs in 1997, allowing manufacturers to advertise drugs without including lengthy disclaimers explaining the often numerous side effects. How has this regulatory change affected the market for pharmaceuticals? Why do you think so much more money is spent on marketing drugs than on marketing surgery or psychotherapy?

TextbookHealth Economics and Policy, Chapters 8, 11, and 12 

Textbook link: https://bncvirtual.com/vb_econtent.php?ACTION=econtent&FVENCKEY=AD9EE8D798DCAFC7E76B5FB7C978DD86&j=43766531&sfmc_sub=1597096465&l=23329524_HTML&u=695880241&mid=524003857&jb=40753&utm_term=10242022&utm_source=transactional&utm_medium=email&utm_campaign=Direct_Ebooks

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