THE COST OF RESEARCH AND DEVELOPMENT FOR MEDICATIONS

Part 1 THE ECONOMICS OF LONG-TERM CARE

Your father has been diagnosed with Alzheimer’s disease and the physician tells you he will slowly deteriorate to the point of needing full time nursing care. You and your family must weight the pros and cons of placing your father in a long term care facility or providing care for him at home. To ensure that you have made the right decision for his long term care, what factors must be considered from a cost and quality-of-care perspective?

This is only a discussion not a paper. Please include in text citations and cite references

Part 2 THE COST OF RESEARCH AND DEVELOPMENT FOR MEDICATIONS

In recent years, the cost of developing new medications has become astronomical. Complicating this problem is the need for more effective medications as newer mutations of diseases are increasing and these new mutations (according to western medicine) render traditional medications ineffective.

What are the associated reasons for the increased number of mutated diseases? What are the associated reasons for the costs of developing new drugs? How can this issue be resolved?

This is only a discussion not a paper. Please include in text citations and cite references