Posts Tagged: price gouging

Orphan Drug Act

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Ethical Dilemma, Financial Accounting, Intermediate Accounting, Managerial Accounting, Uncategorized.

Three decades ago, Congress listened to the plight of Americans sick with diseases so rare many people had never heard of them. They were victims of a pharmaceutical market failure — “orphans” ignored by drug companies because, the thinking went, tiny groups of patients would lead to trifling sales. Questions: 1. What is the Orphan… Read more »

New Study on Hospital Costs

Posted by & filed under Accounting Information Systems, Accounting Principles, Auditing, Cost Accounting, Financial Accounting, Intermediate Accounting, Managerial Accounting, Video Updates.

Twenty of the 50 U.S. hospitals that charge the most for their services are located in Florida — and all but one of them are for-profit, according to a study released Monday. Questions: 1. Which facility is at the top of the list for charging the most and how many times more do uninsured patients… Read more »