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The pharmaceutical industry is concentrated within the US and Europe, and the 10 largest drug companies are located in these regions. Lastly, undergo the process of getting appropriate permits and licenses. You will be required to fulfill most requirements that exist for pharmacies with the bodily presence. Moreover, the licensing authority will need to verify you will have established the right checks and steadiness for verifying the authenticity of prescriptions.
A prescription should be written in ink or indelible pencil or typewritten and have to be manually signed by the practitioner on the date when issued. A person (i.e., secretary or nurse) could also be designated by the practitioner to prepare prescriptions for the practitioner's signature. The practitioner is responsible for guaranteeing the prescription conforms to all requirements of the law and rules, both federal and state.
Even if one had been to enact all of the above proposals, drug costs will remain excessive the place monopoly pricing power is present. To that finish, we suggest borrowing an idea from Switzerland, the place insurers in a given region are allowed to collectively negotiate drug prices with a monopoly producer. And we consider that a market-primarily based worldwide index can play a job in bringing extra price competition to the way in which Medicare pays for physician-administered medication.
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