Implications of Regulation in Health Care

Implications of Regulation in Health Care
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1] Describe pharmaceuticals in terms of how regulated it currently is.
The pharmaceuticals industry involves health practitioners, sales people and the manufacturers. Typically, government agencies regulate the manufacture, distributing, labeling and importing of drugs, while physicians and pharmacists prescribe the drugs. In the U.S., the Federal and Drug Administration (FDA) oversee the overall regulation of medicines to ensure safety (FDA.Gov, 2015). Nonetheless, in cases where the manufacturers do no state particular health claims, the physicians may prescribe drugs that have labels, but then they ought not to market them (Hooper, 2008). Before there is FDA approval manufacturers need to provide evidence that the drugs are effective. Since the Affordable Care Act, was enacted, manufacturers need to provide samples of certain drugs when requested and include supporting documents.
2] Do you think this current state of regulation is appropriate? Why or why not? What problems have arisen because of regulation or the lack thereof?
The current regulation is effective in ensuring that ineffective drugs are not sold to consumers while it also requires the manufacturers to state clearly the benefits of the drugs (Hooper, 2008). Consumers can sue if they suffer adverse side effects, if the drug manufacturers failed to point out such cases. The review process to determine the effectiveness and efficacy of drugs seeks while ensuring that all the guidelines are followed. The risk of having poor quality drugs can worsen diseases, increase resistance to drugs and at worse cause deaths. All stakeholders need to have faith in the health systems where they have access to information that makes it easier for them to make decisions. Nonetheless, the drug review process and regulation is stringent, and this affects the approval of the beneficial drugs, which can make a difference between saving lives or not.
3] What specific proposals do you have to increase, decrease, or otherwise modify regulation or government involvement within pharmaceuticals? What should the government's role be in addressing issues of concern? What would be some potential consequences of these solutions?
Recent proposals have focused on speeding up the drug rev...