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 are some countries in the world where poor
people
die owing to illnesses that are completely curable by proper medication
, but they can not pay for it. I believe that medication
producers should review pricing strategies in these countries to help these people
. This
essay will discuss some aspects of this
situation and explain why I agree with this
idea.
There is no doubt that drug companies
aim for profits and it is totally acceptable in capitalist
system. Add an article
the capitalist
a capitalist
However
, it is known that some enterprises practice abusive prices, once their products save lives. As a result
, most people
are supposed to pay any value. The problem is people
who can not afford it, mainly in developing nations. In this
situation, companies
that produce essential remedies should reduce their price. This
can be done by governments reducing taxes or giving some benefits to these companies
. A good example happened in Brazil, in the '90s, when the Brazilian government broke patents for drugs to control AIDS. This
measure allowed other companies
to produce the same medication
at lower prices.
Moreover
, drug companies
should reduce profit rates in poor countries and use them for marketing strategies on social concerns. These companies
invest billions of dollars in advertisements each year but do not want to reduce their price. People
's lives are much more important than profits. Using this
marketing planning can help enterprises sell more in wealthy nations. In addition
, the cost of production of medication
is not so high. The problem is the cost of research and development (R&D) of new drugs. Once again, governments should help by investing more money in innovation in the health business to reduce the total cost in this
industry.
To conclude
, I think that drug companies
should make their products available at reduced prices with the collaboration of governments by reducing taxes or giving benefits to businesses that invest in R&D. As some medications are essential for saving lives, they should be affordable for everyone.Submitted by fmulato on
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