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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