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 citizens of underdeveloped
countries
often have to face
death
due to
illness which could be cured but they could not afford the treatment. It is believed that the pharmaceutical industry should come forward to distribute their
medicines
at an affordable price in these
countries
. I strongly support the strategy as it will have some notable beneficial aspects including the justifiable allocation of
medicines
among the
countries
as well as
reduction of
death
tolls in impoverished
countries
. To commence, reduced prices will ensure the equitable distribution of
medicines
worldwide. It may sometimes happen that
countries
that are economically struggling can not bear the expenses of drugs which are essential to prevent
death
from curable diseases. In
such
situations, if the medicine
companies
come forward to provide subsidies, it would ensure the availability of the
medicines
in all
countries
irrespective of their economic status. Examples can be found in African
Countries
where established
companies
supplied
medicines
at a meagre price, sometimes even free, to reduce the
death
tolls. In that way, the industry contributed to improving the health system worldwide more efficiently
Furthermore
,
such
kind of policy of large medicine
companies
could significantly benefit in reducing the mortality rate. Instances can be cited from the recent COVID-19 pandemic when renowned medicine
companies
provided vaccines and referenced medication at a very reasonable price for poor nations. It contributed notably to dealing with the
death
rates
as well as
to combat the virus across the globe. To recapitulate, the initiative of the drug industries of economically prosperous
countries
to provide financial stimuli to third-world
countries
would definitely contribute to distributing
medicines
equitably
as well as
reducing the mortality rate from easily curable diseases.
Submitted by a.m.rahat 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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