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The second solution to raising prescription termss is passing of The cheap Prescription Drug Act (APDA). APDA strikes a balance in the midst of reducing prices to make essential drugs more available and affordable. The formula works with pharmaceutical companies to ensure profits are reinvested into investigate and development of new medicines. APDA increases competition in the pharmaceutical market, and so reducing the price of prescription drugs, while still allowing pharmaceutical organizations to profit from new discoveries and innovations. The bill defines what an essential drug is, whether online prices are fair, Congress attitude towards these prices, and the drug industrys justifications for high prices. (Pinzone, 2001)
APDA offers benefits to man-to-mans in Medicare reporting plans more affordable. Individuals reaching the coverage gap, also known as the the donut hole will benefit from greater savings under the bill. Companies making brand-name medications must sign agreements with Medicare to participate in the Medicare Coverage Gap Discount Program. This program requires the companies to offer discounts on brand-name drugs to people who have reached the coverage gap.



Once individuals reach the coverage gap, individuals enrolled automatically get a discount of 50 part on brand-name prescription drugs at the time of purchase. This discount applies if patients defile prescriptions at a pharmacy or order by mail. The discount will come off of the price individual plans set with pharmacies offering the specific drug. With this discount, patients will only tolerate a certain percent of the price for brand-name drugs, the entire price (including the discount the drug company pays) will count toward the cadence individuals need to qualify for catastrophic coverage. Once patients reach catastrophic coverage, the individual pays a small coinsurance or copayment for the rest of the form (Medicare, 2012).If you want to get a full essay, order it on our website: Orderessay



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