Answer to Question #249398 in Microeconomics for carm

Question

How does the rise of the Internet affect this situation of prices cut of medicine

Answer 1

The internet has positive effect on pharmaceutical consumer through the following main care functions that it offers and thus cut down prices in medicine:

• Ready provision and distribution of medical information.
• Support of informed decision-making.
• Promotion of health.
• Provision of an effective means of information exchange and support.
• Increasing self-care and managing demand for health services, thus lowering direct medical costs.

The internet offers increased self-care capabilities to pharmaceutical consumers through information gathering on pharmaceutical products and services and enabling their purchase through internet pharmacies.

The internet influences the pharmaceutical consumer by enhancing and driving the move towards consumer empowerment.

The internet also enhances efficiency in the medical management of patients through the aspects of telemedicine and telepharmacy.