Question

Discuss whether you agree or disagree with Thomas Pogge’s innovative solution of getting affordable drugs to market.

Answer 1

Thomas Pogge has done various workers and research studies in the field of social and political philosophy. One of his major work is creating the health impact fund (HIF) which will make new and life saving medicines available to all by decreasing its cost. According to this innovative solution by Thomas Pogge the pharmaceutical companies can register with HIF and sell their medicines at production cost. If the medicine proves beneficial and decreases the global burden of disease, the company will get awarded through payouts.
I agree with this innovative solution of getting affordable drugs to the market provided by Thomas pogge. Major portion across the world is suffering from poverty. These people are deprived of basic human needs such as food, water, shelter. Also they are at a increased risks of getting various severe and life threatening diseases. Due to lack of money, poor people often cannot afford the healthcare facilities which results in higher morbidity and mortality among lower income groups. Also the medicines needed for the treatment of several acute and chronic diseases are very costly which the low income groups cannot afford. Any medicine has to undergo a lengthy and expensive research and development process which increases the costs of these medicines. In such situations reducing the costs of life saving medicine through awarding the pharmaceutical companies will help save many lives. This will also help reduce healthcare disparities and improve the accessibility to healthcare.