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Band 6.5

Research into mew types of medicine and treatments are essential for improve health and deal with diseases. Who do you think should fund these researches: private companies, individuals or governments?

#research #medicine #treatments #health #diseases #fund #companies #individuals #governments
The development of medicine and treatment is an extremely important element affect citizen’s living standard,
therefore
 keeping
research
 new products and methods are necessary.
However
, those projects cost millions of dollars and people argue that who has to take the price, governments, individuals or private companies? In my opinion, every person and organisation should take a responsibility together in different ways.
To begin
 with, individuals make the contribution through purchasing medicine and treatment services from hospitals and pharmacies, and paying the specific
tax
 to the government.
Firstly
, companies gain the revenue from consumers, and they set up a percentage of the revenue as a fund to develop new things.
Secondly
, governments have a similar fund to help the private companies and medical institutions to do the new
research
.
Thus
, a part of
research
 funding is from citizen’s medical consumptions and
tax
 payment, they often take the responsibility passively.
On the other hand
, private companies should take more obligation on the new
research
, because each successful project brings billions of profit to the investors and developers.
For instance
, according to a
research
 by GEN, the top 15 medicines sold over 19 billion US dollars during 2018, all participants have gained a huge benefit.
Hence
, they have to pay more attention to the new
research
, no matter their purpose is earning more revenue or benefit human beings. In the end, governments have a responsibility to take care their residents’ health, and they collect a large amount of
tax
 from taxpayers and business in the name of health care.
For example
, Australian
tax
 residents have to pay 2% of their total income for Medicare levy annually.
Moreover
, governments often invest many medical projects and gain a lot from those investments. So that, there is no doubt, the government should put money into those projects. In conclusion, individuals, enterprises or governments through diverse form to contribute the
research
 of new types of medicine and treatment,
such
 as
tax
, funding, investment and so on.
Submitted by maxchong1984 on

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