Policy prescriptions: List the costs and benefits of the following hypothetical
ID: 62684 • Letter: P
Question
Policy prescriptions:
List the costs and benefits of the following hypothetical policies.
A. The US government offers a # 5 billion prize to the first drug company that develops a cure for Alzheimer's disease.
B. The patent length for drugs to treat fatal diseases is reduced to five years, and all current patents for such drugs that are already more than five years old instantly expire.
C. The European Medicines Agency announces that it will instantly approve new drug applications that have shown any promise in treating Creuzfeldt-Jakob disease ( also known as mad cow disease), even if there are safety concerns or if the evidence of efficacy is not conclusive.
D. The US government allows patients to write themselves prescriptions on the weekends, when physicians are typically not available.
Explanation / Answer
A. The US government offers a # 5 billion prize to the first drug company that develops a cure for Alzheimer's disease.
There is no cure for lzheimer's disease, the total expenditure becomes waste.
B. The patent length for drugs to treat fatal diseases is reduced to five years, and all current patents for such drugs that are already more than five years old instantly expire.
Pharmaceutical companies go to bankrupt, as this is a loss to company. Now any pharma company can openely prepare the drug.
C. The European Medicines Agency announces that it will instantly approve new drug applications that have shown any promise in treating Creuzfeldt-Jakob disease ( also known as mad cow disease), even if there are safety concerns or if the evidence of efficacy is not conclusive.
There is no cure for this disease. Effective control is by contamination limitization and safe blood transfusions.
D. The US government allows patients to write themselves prescriptions on the weekends, when physicians are typically not available.
It is totally rejectable.