Drug Abuse In Saudi Arabia - 893 Words

Introduction In 2016, Saudi Arabia’s pharmaceutical expenditure have been estimated to be $6.9 billion with an annual increase by 10%. Also, pharmaceutical spending per capita is $268 and expected to rise in 2020 to $400. In Saudi Arabia’s 2030 Vision, the economic growth was shifted more towards pharmaceuticals. Many factors including aging population, increasing per capita spending, and the force to purchase patented drugs are driving forces towards growth of drug expenditures. [1] Drug related factors in increasing drug expenditure Increases in drug prices are pulling attention to an increase in pharmaceutical expenditure on health care institutions. The ultimate goal of innovating drugs is the improvement of patients’ quality of life†¦show more content†¦The drug’s price has raised by 51% in the past three years and one of the causes is of patent extension [6,7,8] These drugs undoubtedly improve patients’ quality of life. Nonetheless they are astronomically costly. Why drugs cost this much? â€Å"Companies are taking advantage of a mix of laws that force insurers to include essentially all expensive drugs in their policies, and a philosophy that demands that every new health care product be available to everyone, no matter how little it helps or how much it costs.† Peter B. Bach. There are many reasons for increasing prices of drugs. Starting with patent abuses and other monopoly pricing schemes, addressed product-hopping which is intentionally prolonging drug patents to delay generic alternatives. In turn, this increases the cost [9]. For example, Actavis tried to pull a very effective and top-selling Alzheimer’s disease drug to switch it with an extended release, a more expensive drug. This act will prolong the patent and, stop generic substitutions. Another reason is research and drug investment, and marketing and sales themselves are a costly process that pushes the manufacturer to sky-rocket the prices to have more in return. Pay-to-delay, is a third point in increased drug prices. It is paying to generic drug makers to keep them out from competing in the market [10]. Sometimes no generic competitors enter the market and the prices just neverShow MoreRelatedThe Cultural and Political Life of Saudi Arabia Essay1580 Words   |  7 PagesCrimes puni shable by the death sentence in Saudi Arabia include murder, serious attacks on the Islam religion, adultery, dress codes, and since 1987, drug smuggling. Under Saudi Arabian law, serious crimes merit serious consequences. Repeated theft is punishable by amputation of the right hand, administered under anesthetic. 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