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?

The high
price
of some sophisticated medicines is often attributed as the root cause of some patients' deaths in third-world nations. Pharmaceutical companies are
thus
requested to sell their products at a discounted
price
in those parts of the world. I am convinced that only a reduction in prices from manufacturers is not going to solve the problem and in the
following
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following,
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I will postulate my reasons. Disease-induced mortality rates have seen a significant downtrend over the
last
centuries in the developed countries
whereas
in the low per capita income regions
this
reduction is still staggering.
This
inspires the idea that treatment cost optimization can help the scenario and medicine is one of the top components in that budget. First of all, decreasing the selling
price
only from the company side will not stimulate the local governments to have a concrete sustainable healthcare plan for the long term.
This
will be just a temporary patch to deal with the scenario.
Moreover
,
such
action does not guarantee that the end sufferers will get proper
benefit
Fix the agreement mistake
benefits
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as from experience we know that in poor countries there are a lot of middle-men and syndicates who control the market. To worsen
this
, giving off in major products can lead to financial loss for the producers which in turn can pose a threat to their existence.
Last
but not least, there are affluent
people
in those countries who will benefit from low costs without adding any value to the primary proposition.
On the other hand
, we can not let poverty become the reason for demise where
people
do not have enough purchasing power. So some multi-dimensional endeavours are needed here concerting the efforts from government, non-government organizations and drug producers. Here manufacturers can absorb some hit in their profit margin, the government should
also
add some subsidies and ensure legislation to ensure correct
people
are getting benefits.
For example
, they can fix the maximum retail
price
and give those for free to poor
people
through NGOs. In a nutshell,
one-sided
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the one-sided
a one-sided
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effort
for solving
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to solve
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a global problem is never sustainable.
While
global pharmaceutical giants need to come forward to sacrifice their gain in an affordable way, national bodies should
also
put their effort at the table so that the right
people
get the benefit properly.
Submitted by u.urs.888 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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