Many people in poor countries die from diseases that are curable because they cannot afford the medication required. Do you believe that drug companies should make their products available at reduced prices in these countries?

In
under developed
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underdeveloped
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countries,
mortality
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the mortality
a mortality
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rate of people suffering from common curable diseases is quite high. The main reason behind
this
is poverty. Many people believe that if the pharmaceutical industry is more considerate about their pricing in these particular countries, it could help eradicate the problem. In my opinion,
this
is
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will only partly solve the problem and it is not sustainable in the long run.
This
essay will discuss why drug companies shouldn't lower the
overall
price of the products.
Medicine
and drugs contribute greatly to the net expenditure behind someone's treatment. But when we consider the bigger picture, cheap
medicaments
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medicament
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can only help someone to a small extent. Reduced
prices
will only help in cases where
over-the counter
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over-the-counter
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drugs can cure the disease without seeing a physician.
Additionally
, an
overall
reduction
of
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in
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prices
of all pharmaceutical products will cause the economy of the country to take a big hit. The drug companies will have less
fund
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funds
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to better their products and may
also
resort to low-quality raw materials in order to keep their profits intact. I strongly feel that rather than reducing the
prices
in general, there should be a discount for people with lower income. A voucher could be distributed among the lower class which they will be able to use when purchasing
medicine
. Distributing
medicine
for prevailing diseases like
cold
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colds
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, fever, sore throat and headaches for free can
also
be a viable option. In conclusion, I personally do not believe that drug companies should reduce their
prices
as it is not a feasible solution for the underlying poverty. When we take everything into account,
this
might have detrimental effects on the quality of
medicine
.
However
, other effective steps should be taken to address
this
issue.
Submitted by tanisha.tanzia on

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Topic Vocabulary:
  • Pharmaceuticals
  • Generic drugs
  • Patent laws
  • Healthcare disparity
  • Subsidies
  • Non-Governmental Organizations (NGOs)
  • Intellectual property
  • Epidemiology
  • Affordability
  • Global health initiatives
  • Corporate social responsibility
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