Prescription Health Care Costs and its Effects on the Elderly Essay

Prescription Health C be Costs and its Effects on the venerable - Essay Exampleribed in case of the elderly and the price are these do drugss are more(prenominal) compared to the senior drugs thus conduceing additional burden on the elderly (Berndt et al, 1998). However, those who rely on a fixed income are vulnerable towards price inflation of prescription drugs due to which they either skip doses or at times even forgo the prescriptions which can begin an adverse affect o their health (Berndt et al, 1998 Safran et al, 2005). According to a national survey report on prescription drug adherence by the elderly more than one-quarter of elderly did non adhere to the prescription due to the associated high monetary values. The non adherence was more prominent among those without drug coverage, low-income groups and those with complex chronic illnesses (Safran et al, 2005). The introduction of public health insurance programs such as Medicare and Medicaid and private-employer insu rance programs has not seen a significant reduction in prescription drug adherence by the elderly. These programs cover further partial medical services for the elderly and do not cover the costs of outpatient prescription drugs (Safran et al, 2005 U. S. Healthcare, 2010 The cost of Prescription Drugs, 2001 Shang & Goldman, 2007). This coupled with the rising inflation and global economic recession in the recent age has only laid excess strain on healthcare expenditure due to which the costs ache outweighed the benefits (U. S. Healthcare, 2010).The increase in the costs of prescription drugs has been mainly associated with the emergence of expensive state-of-the-art technology in drug production and for the development of such high-end drugs the costs will have to be shared with the consumer. Factors such as larger prevalence of chronic and long-term illness coupled with longer life spans have increased the demand for such drugs. Additionally population ageing and administrative costs also add up to the health care costs (U. S. Healthcare, 2010). Public health insurance programs such as Medicare