Justice and Change in the Global World
Added on 2021-05-31
4 Pages1103 Words23 Views
Justice and Change inglobal WorldRunning head: Justice and Change in the global world
Justice and Change in the global world 1“Patient access to prohibitively expensive treatments”In Australia, the use of drugs which are not subsidized by the government result in substantialcosts for the patients. The price of the new drugs specially to cure the deadly diseases like cancerhas created a challenge for the patients and their oncologists. According to Karikios et al. (2017)patients receiving treatments with costly drugs are confronted with financial strains. Due theheavy costs of the medicines, the patients choose to take fewer medicines than prescribed. Evenin the publicly aided hospitals, the doctors prescribe costly unsubsidized medicines resulting intothe psychological strain and financial distress to the patients. Many drugs have been discovered to cure the deadly diseases such as cancer, hepatitis and manymore. These are welcomed by the patients and their medical practitioners since they increase theresponse rates; increase the survival opportunities of the patients along with enhancing thechances to cure them. But along with the advantages comes the considerably increasedexpenses of these medicines.Around 60 drugs have been sanctioned by the USA Food and Drug Administration between 2005to 2014. The main problem is that the unaffordable prices of the drugs have posed a challenge forthe providers, payers and the patients. In order to be legally supplied in Australia, the prescribedmedicines require the permission from the Therapeutic Goods Administration. If the medicine ispermitted, the companies manufacturing the medicine can submit the application to thePharmaceuticals Benefits Advisory Committee for the medicines to be listed on thePharmaceuticals Benefits Scheme (PBS). Afterwards, the medicines which are listed on the PBSare provided to the patients at a sponsored price (Vitry, Mintzes and Lipworth, 2016). In Australia, even if the medicines are available at fewer prices, the increased cost of themedicines to cure cancer is creating difficulties for the patients. For example, sometimes it takesmonths or years to get the medicine listed on the PBS after it is approved. So, as a result, thepatient has to pay the full amount of the medicine which can amount to thousands of dollars permonth. In some cases, the pharmaceutical companies provide the access to the medicines throughcost sharing schemes or compassionate access programs but they may still comprise of huge outof pocket expenses for the patients (Denaro and Martin, 2016).
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