It is Official now, welcome to the brave new world of Indian Pharma. The desi pharmacists are all set to wage a price war.
If you think about it, the states in USA buying prescription drugs from Canada for a lower price would be tempted to buy them from India now. Not everyone in the USA can buy these Canadian drugs even at these relatively low prices. Thats a huge market for Indian Pharma. However we have the South African companies breathing down our neck.
This by no means is a post with a jingoistic flavor but an attempt to draw attention to a huge issue facing the American Population. Most of the people reading this post will themselves will face these healthcare issues in the future.
Huge changes are about to happen in the Health Insurance Industry especially with the high cost of prescription drugs and the deluge of baby boomers loooking to retire within the next decade. Alternatives such as India will only fan the fire.
The justice system in this country has been bastardized, courtesy the lawyers. High malpractice insurance, frivolous lawsuits combined with aging population have forced doctors to leave the profession or migrate to states where the medical malpractice insurance costs are low. This migration is bound to result in loss of expertise in hospitals. It is hard to believe that people have to drive 2 or 3 hours in the United States of all countries to get to a hospital where there are experts to treat certain cases. Call it irony, people in the USA have to eat less to live longer and travel 2 or 3 hours to save their lives.
Health insurance has become too complex for its own good. Too many people need to get paid and too many people exist in between the patient and the treatment. Essentially, the focus is lost. The larger the population in between the doctor and the patient, the larger the costs. As simple as that.
Some activits believe that doctors simply do not want to give up their standard of living. This applies to lawyers too. The cost of education is also to blame for these expenses. As long as medical education is not affordable, the number of sudents who can afford medical education will remain extremely scant and expertise will stay scarce.
I guess we are on an a tangent here but anyway, lets see what happens.
Link: Indian Aids Pill