Understanding Business Strategies: Exploring Pharmaceutical Companies and Impacts of Drug Affordability and Cost in the USA

Drugs are a global necessity, and the pharmaceutical industry is in charge of pricing and managing them. There is a pertinent problem that has not faded, which is the pricing crisis, which often leads drugs to end up being inaccessible for many and inconvenient to purchase. This paper explains the causes of drug pricing, from a lack of government control to the influence of private companies. This paper argues that regulated pricing is achievable by understanding pricing fluctuations and the underlying reasons behind certain trends. This study helps people better understand the pricing and regulation of the drugs they use daily. This paper expands on the role of government power in the medical industry and how it can be used to potentially help users and pricing.