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 mortality rates in developing nations are higher than those in developed nations.
This
is
due to
the fact that in the upcoming economies,
people
are still dying from
diseases
that are curable and these
people
cannot afford to buy
medicines
. The drug
companies
should sell
medicines
at low cost to these
countries
by fast-tracking their research and development programs to manufacture
medicines
economically.
Also
, the government in these
countries
need to subsidize the
medicines
to make them affordable to poor
people
. On the one hand, most of the
people
in poor
countries
have dire living conditions.
Due to
these living conditions, they fall sick with seasonal and spreadable
diseases
such
as malaria, chicken pox, typhoid etc. These
people
cannot afford treatment for these
diseases
because it is expensive. We can read in newspapers that
people
are still dying from malaria in African
countries
, but a disease like malaria does not exist in developed
countries
. So, pharma
companies
must come forward to sell low-cost
medicines
for these common
diseases
.
Also
, the government must have a robust immunization and vaccination policy against seasonal and spreadable
diseases
and must create awareness that prevention is better than cure.
On the other hand
, manufacturing
medicines
comes at a higher cost. Pharmaceutical
companies
spend a lot in their research programs to find a cure for any disease. They cannot always sell
medicines
at a cheaper price.
For example
, when the world was affected by COVID, all the
countries
came together to invent
medicines
at a rapid pace to prevent them from dying and they sold
medicines
at a subsidized price.
Similarly
, governments need to have policies to incentivize these
companies
to sell affordable
medicines
to the
people
.
To conclude
, the drug
companies
need to create a balance between the product cost and affordability. In case there are any
medicines
that cannot be sold at a lower price
then
they need to approach the government for a subsidy.
Submitted by msrinivas7866 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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