Health Care Reform and Biotech

One of the most affected industries regarding the new health care reform is with biotechnology. One of the many provisions in the new health care reform bill is to reduce the prices of the medical prescriptions charged to Medicare and Medicaid. This will hurt the biotechnology industry because the research for new medication is very expensive and tedious work.The size of the impact to the biotech industry is beginning to be realized and the health insurance providers are starting to resort to eliminating new medication, in favor of the more traditional medications of years ago. Since it takes time for the pharmaceutical companies to exhaust their patents on new health care medication, the health insurance industry is turning away sooner than what was originally expected.This will translate into less medical prescriptions for the medical healthcare provider and the individual to choose. Many of the medical health care prescription medications we have on the market today are slowly disappearing as the pharmaceutical demand for them are dwindling by the millions.The losses to the biotech industry is becoming evident and many of the staff are deciding how much longer they will continue with the companies. The provisions, suppliers, health insurance industry, and supporters are no longer able to offer high finances to continue the funding of current projects.What will this mean for you and your family members? This will mean the health insurance industry will have more control over what you are able to purchase unless you have the monetary means to pay for a given medical prescription out of pocket. It always comes down to what is affordable and what is not affordable.Many individuals who suffer with orphan diseases will find they will no longer have access to the medication they so desperately need. The funds are drying up because of the new health care reform bill and the prescription medication for the orphan diseases will dry up. This is because as funding dwindles, the money that remains will be focused on the more popular diseases.This will sadly leave many individuals with a government-run health insurance policy without the necessary health care they require. How will a medical health care physician have the ability to identify and help a patient with an orphan disease when there is no prescription medication to keep it maintained?This will leave millions of individuals to be forced to take care of themselves the best they are able and pray for better days in the future yet to develop. How sad for the families with children who need health care treatment. Where will they go? Whom will they turn to?