Sunday, November 1, 2009
Go Green
Thursday, October 22, 2009
Sunday, September 27, 2009
Drug Companies and Profit
Are the costs of advertising being passed on to us? Obviously, yes! Simple math, the drug ads are advertising, it costs them money so in fact they raise the price of the prescription drugs. We would all most likely agree that the cost of prescription drugs should be lowered not raised. So why again are the drug companies advertising? To inform us, educate us and promote their drugs. So is the FDA controlling the amount of money spent on prescription drug ads? In researching, the answer is simply no. The FDA can not control how much drug companies spend on advertising. Also, the FDA has no control in participating in the ad making. So what is this telling us, the consumers? The drug companies are out to make more money from advertising, not to educate us or advise on what we think we might need.
The entire ad is required to mention:
-At least one approved use for the drug
-The generic name of the drug
-Under certain circumstances, ads can give only the most important risks
-For more detail, see brief summary/adequate provision (requires research from consumers)
Yet the ads fail to mention very important information about the drug:
-Cost
-If there is a generic version of the drug (same ingredients just cheaper)
-If there is a similar drug with fewer or different risks that can treat the condition
-How the drug works (its "mechanism of action")
-How many people who take the drug will be helped by it
and many more things the ads fail to mention
Advertising: Adequate Provision
Consumers & Prescription Drugs
No matter what channel or what you're watching, you are bound to get hit with a commercial dealing with prescription drugs. Makes you wonder why prescription drugs are being advertised to us; why now. Going into the whole research process about my topic, I was pretty much adamant about the whole concept of why prescription drugs were being advertised to consumers. I thought it was simply, wrong. I wasn't a doctor to know what "I" needed. I felt it was manipulating in sales tactics and it was a way to make more money; maybe misleading and false hopes to people that what they were dealing with was curable or treatable.
Since the very beginning, one of the main reason as to why the FDA was created was to protect consumers from drugs considered to be unsafe. So why now does the FDA seem it's important to issue a direct-to-consumer sale? Since 1999/2000 the retail sales of most popular drug have increased 12%. In 2007, the pharmaceutical industry spent $4.8 billion dollars a year in advertising. So why all of a sudden in the past recent years is the pharmaceutical industry making it such effort to "educate" the consumers and spend so much money on advertising? As I research more I can't help to find my perspective on the fence.