The Case Of Sovaldi Drug - 1386 Words

The manufacturers of Sovaldi drug are also of the opinion that government and public officials do not take into account all the benefits mostly economically which emanate from the prescription of the drug. They argue that the high price is very effective in limiting or completely getting done with other hospital expenses that would be incurred in the long run because the drug is effective in the curing of the disease rather than the management of symptoms over the years and, therefore, savings (Charles, 2015). . Most states that try to limit the use of Sovaldi have received lots of lawsuits that analysts say not the definite solution of the underlying problem with Sovaldi being just the first of many highly effective but expensive drugs that are expected in the market due to the ever increasing cases of chronic diseases. As much as Medicaid being able to cover the costs of other expensive specialty drugs for other diseases such as HIV and cystic fibrosis but the case of Sovaldi is quite different given the fact that a large population suffers from the disease that it treats with the prevalence of hepatitis C among the Medicaid recipients being quite high. There have been several proposed federal solutions including; price controls, the creation of a supply chain where the federal government could buy quantities of the drug at a discount and also to sell the drug to the states at a low price. The issue has not yet been taken by the Congress with states still being given theShow MoreRelatedThe Effects Of Hepatitis C Virus On Health Care And Ensuring Healthy Profit Margins1537 Words   |  7 Pagespayor system has evolved to dictate the care its members receive through, at worst, a rationing of services. This has frequently been the case when new medication and experimental treatments become available. The most recent instance is the case of newly released drugs with astounding success rates for the cure of Hepatitis C Virus. The rulings of past civil cases requiring insurers to cover medical treatment despite contract clauses has set the stage for Hepatitis C Virus curative treatment. HepatitisRead MoreTop Years Forecasting On Sales Of Sovaldi And Harvoni1052 Words   |  5 PagesForecasting on Sales of Sovaldi and Harvoni Yushuo Xu St. John’s University â€Æ' Ten Years Forecasting on Sales of Sovaldi and Harvoni ACC 600 Small Case Study Yushuo Xu Background Hepatitis C is a liver disease caused by the hepatitis C virus. According to related research, about 2.7 million persons in the United States have chronic hepatitis C virus infection, and globally about 130–150 million people have chronic hepatitis C infection. Drugs information There are some drugs now able to cure HepatitisRead MoreA Short Note On Hepatitis C And Its Effects1565 Words   |  7 PagesSciences created the medicine by the name of Sofosbuvir (Sovaldi). The difference between Sovaldi and other hepatitis C treatments that have been used over the years is that Sovaldi is the only treatment that cures the disease rather than managing its symptoms in order to decrease the severity like the other treatments do. For this reason many physicians desire to prescribe Sovaldi to suffering patients, but often times cannot do so because the drug is not covered by all State Medicaid policies; thereforeRead MoreHepatitis C Is Not A Public Health Crisis1473 Words   |  6 PagesIV drug use (CDC, 2014). Other modes of transmission includes blood transfusion or coming in contact with someone’s blood, accidental needlestick injuries among health care workers (e.g., nurses and phlebotomists), sexual contact (rare) and infants born to mothers who have the disease. These above medical and demographic facts make HCV a serious threat on public health. Overview of drug Sovaldi also known as Sofosbuvir is one of the latest anti- HCV drug in the market (Ollove, 2014). The drug hasRead MoreEffective Treatment Of Hepatitis C1809 Words   |  8 Pagesthere has been a recent breakthrough with a new drug called sovaldi , giving 90% success rate, which has effectively revolutionized the medical industry. Therefore, this extended essay will examine the significance of sovaldi (especially pricing) on the mortality and morbidity of those suffering from Hepatitis C in Pakistan. I will explore if there is a justification for the exorbitant pricing of sovaldi whilst assessing the accessibility of the drug for individuals in Pakistan. Approach IRead MoreA Brief Note On The Cost Of Advancement1960 Words   |  8 Pagesforms, whether it be from improved hygiene, new drugs, vaccines, new and improved medical procedures, better monitoring equipment, or even preventative tests and early diagnosis, all of this has played a part in increasing global life expectancy through the years. In this paper I will focus in on one of these aspects: drugs. Big pharmaceutical companies have been extremely busy with research and development for new drugs. For example, 41 new drugs received FDA approval in 2014 alone.2 This numberRead MoreThe Impact Of Prescription Drugs On The Health Sector1486 Words   |  6 Pagespiece of the U.S market in the health sector is run by the prescription drugs and, therefore, making the U.S the global largest market of pharmaceuticals accounting for more than a third of the world’s expenditure on drugs. It is estimated that in 2014 slightly over $300 billion were spent on prescription drugs which accou nts for roughly 10 cents of every dollar in the U.S healthcare market. The U.S expenditure on prescription drugs has been growing at an annual rate of 11% for the last 27 years betweenRead MoreHepatitis C : An Infection Of The Blood1090 Words   |  5 Pages75%-85% would then become Chronic Hepatitis C infections. Due to the lack of symptoms at onset, I m left to ponder what the true amount of infected persons in the United States realistically is. The symptoms may not appear for up to 20 years in some cases. Once the liver and the body actually show signs of symptoms or damage, Hepatitis C has become a chronic infection. This is when the person becomes aware of the infection themselves due to a routine doctor s appointment that results in elevated liverRead MoreHepatitis C : An Infection Of The Blood1127 Words   |  5 Pages75%-85% would then become Chronic Hepatitis C infections. Due to the lack of symptoms at onset, I m left to ponder what the true amount of infected persons in the United States realistically is. The symptoms may not appear for up to 20 years in some cases. Once the liver and body actually show signs of symptoms or damage, 3 Hepatitis C has become a chronic infection. This is when the person becomes aware of the infection themselves due to a routine doctor s appointment that results inRead MoreVaccine For Hiv Happen On The Horizon By 2030924 Words   |  4 Pagescure HIV/AIDS has come a long way. Researchers have spanned a wide variety of research which includes: drug development, HIV vaccines, pre-exposure prophylaxis, or post-exposure prophylaxis. Drug development can take a long time to get developed. Through the process with Preclinical, Clinical Phase, Cost, Valuation, and Success Rate in the Mix; it can take years upon years to develop a successful drug that is resistant to HIV. Prevention is Key! Education and word of mouth is also another way of getting