Law and Business Ethics and Social Resonsibility Research Paper

Law and Business Ethics and Social Resonsibility - Research Paper ExampleThe actions of damages companies and do drugs producers are clearly unethical and they are even being socially irresponsible. This is because they are operate against distributive justice system. According to distributive justice system, the awards and the costs should be distributed in a light manner. This means that those who care bare the higher cost should bare it and those who are in need of rewards should be rewarded. The insurance companies should share the cost of medical treatment with customers by decreasing their profit margins and premiums in dedicate to share the margins. The way the drug companies and insurance companies are operating is unethical because these companies are operating against the utilitarian approach of ethics. This approach asserts that decisions that provide the highest number of awards and lowest quantity of cost to the society should be apt(p) precedence over those decisio ns that provide lower amount of benefits and higher amount of costs. Due to the malpractice of insurance and drug companies, the society is experiencing higher cost.KOWALEWSKI, A. J. (2011, November 3). Less Than $26 Billion? Dont Bother. - NYTimes.com. Opinion - Opinionator - NYTimes.com. Retrieved March 9, 2013, from