The United States have experienced a great rise of medication costs in recent years. There are very many factors that have led to the rise of medication costs in the United States. Some of the factors include the rising cost of Medicaid and Medicare government programs that have increased the demand of medical services in the US. The increased demand results in to the increase in price of medication products and services. The outbreak of the covid 19 pandemic has also contributed to the rise of medication cost (Soni 27). This is because more resources are used in the managing of the covid 19 patients making people with other ailments to spend more in order to get the medical services. Increased cases of chronic illnesses such as diabetes in the US plays a major role in increasing the cost of medication as much finance is put in containing and treating people with the chronic diseases.
Work Cited
Soni, Abhishek Kumar. “Withdrawal notice: update on the SARS-Cov-2 (COVID-19) outbreak: a global pandemic challenge”. Coronaviruses, vol 01, 2020, pp. 25-31. Bentham Science Publishers Ltd.