What we need to focus on is reforming it and updating it to today’s standards and needs.
References  Estimating The Cost Of New Drug Development: Is It Really 2 Million?
New accountants who use the wrong color are harshly scolded and then learn the color hierarchy fast.
On the other hand, interns who use the wrong pen color are considered amusing since interns are held to a different standard.
As we continue to look for ways to reduce the rising cost of healthcare, the main focus has been on healthcare institutions, healthcare providers, and healthcare insurance.
However, one of the largest factors in medical costs stem from pharmaceuticals drugs.
They would never be allowed by their peers to use any pen whose ink is not green until they get promoted in title.
By following this rule consistently, it makes the seniority clear for who worked on a given task.
These costs ultimately get passed down to those in need of these drugs and are one of the primary reasons why healthcare in the U. During this phase, the drug is compared to placebos and other treatments.
Of the total cost going toward development, an average of 90% of these costs went toward phase III trials .
The process is also very slow, leading to the latest innovative drugs not being available for patients.
Getting a drug approved is extremely costly, stressful, and time consuming.
The pen color hierarchy varies company to company, even office to office.