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?
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?
It is widely known that underdeveloped nations have witnessed the majority of deaths originating from curable illnesses as a consequence of unaffordability regarding essential medication. From my perspective, pharmaceutical companies should remain the price of available products due to the rational reasons below.
It is acknowledged that underpriviledged nations are assisted by industrialized countries via foreign aids. Additionally, these aids are various ranging from military to economic one allowing poor nations to become financially viable and be more dynamic so that they can strengthen their economic and social background. For example, Ukraine has provided with 342 million dollars as an overseas aid by the UK last year. As a consequence, the responsibility in salvaging life of citizens from curable illnesses should be down to their own national authority as the government has the afordability towards necessary medicines via overseas aids. Therefore, the government should take the charge of furnishing their people with essential medicine.
Furthermore, ingredients which are conducive to medicine are reasonably expensive and at the expense of the private business's budget. Moreover, not only do medical ingredients charge the private companies but the employees. In addition, the companies themselve have to pay for the intellectual rights registered by many professionals working in scientific and medical fields as they have created the recipes in order to produce the remedies or vaccinations. Therefore, minimizing the expense of medical products is likely to affect business negatively, especially regarding financial matters that they may not be capable of affording the required costs in their business, so I claim that pharmaceutical companies should not minimize their products' price.
In conclusion, I believe that minimizing the final charges of available medicines produced by business would forbid them from being financially viable and may not sustain their business well. Besides, numerous underdeveloped nations have access to foreign aids due to the assistance of industrialized nations so that they can bear the expense of medical products for their citizens.
