How Big Pharma Uses Charity Programs to Cover Price Hikes

How Big Pharma Uses Charity Programs to Cover Price Hikes

Assessment

Interactive Video

Business, Health Sciences, Social Studies, Engineering, Biology

University

Hard

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The video discusses how charities help patients with drug costs, often funded by pharmaceutical companies. While these donations seem beneficial, they may enable drug companies to raise prices without losing customers. Turing Pharmaceuticals is highlighted for its strategy of using charities to manage copay issues after a significant price hike. The legality of these practices is questioned, as direct payments by drug companies to patients are illegal, leading to the use of charities as intermediaries.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

In what ways do patients perceive the assistance they receive from charities funded by pharmaceutical companies?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What legal implications are associated with drug companies providing financial support through charities?

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