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?

There is a burning issue going on in poor economic nations, where more than a quarter of the population has failed the life battle
due to
a lack of affordability for
medications
despite the disease being curable.
This
has people in a debate whether pharmaceutical companies should reduce the prices to increase affordability. I would argue that a reduction in the price of medicines
along with
other elements,
such
as
taxes
and transportation
costs
applied to them would help elevate the statistics of unfortunate deaths.
Firstly
, the nations with poor financial conditions would most likely be unable to provide their people with
a satisfactory salaries
Correct the article-noun agreement
a satisfactory salary
satisfactory salaries
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which would satisfy even their basic needs. On top of that, expenditure towards attaining specialized
medications
for diseases that can be cured with proper
medications
and treatments would be
an
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apply
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extremely difficult. They would perhaps refrain from getting treated. It is
for
this
reason, I believe if the prices for the
medications
are reduced to minimal
costs
, it would enable the patients to look forward to treatment.
Secondly
, since the drug industries may not sustain
due to
constant loss in their income, the government should
also
look forward to minimizing or perhaps removing any
taxes
imposed on the
medications
. The amount of extra
taxes
,
such
as - supplier fees, retailer charges, transportation
costs
, and maintenance
costs
(applicable in certain countries)
along with
government-specific
taxes
, like hst or gst in the countries like India, the USA, and Canada, definitely makes an addition to the final selling price, which not only increases the burden over people but
also
disables their purchasing power. In conclusion, indeed, the pharmacies would be able to mitigate the affordability issues from their side,
however
, the central authorities should
also
work on refining the hidden
costs
and minimizing the problem for the betterment of their citizens.
Submitted by smitdesai49 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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