Foreign Policy Mag: The Poor Countries of the World are Forced to Pay Inflated prices on life-saving drugs.

Think you pay too much for prescription drugs? An interesting study released today in PLoS Medicine, an online journal, offers a bit of global perspective: For tens of millions of people around the world, buying a basic drug like the antibiotic amoxicillin is a road straight to poverty. 

The authors of the report took the cost of four basic drugs used to treat fairly ordinary conditions — diabetes, high blood pressure, asthma, and bacterial infection. Using pricing information from 16 lower- and middle-income countries, they calculated how poverty rates would rise after patients purchased the drugs. The results, while not terribly surprising, do provide a blockbuster portrayal of what we’ve long known anecdotally. Buying brand name amoxicillin, for example, would push an additional 34 percent of Uganda’s population into poverty levels of less than $1.25 a day. Even middle-income Indonesia would see an additional 39 percent of its population become poor from purchasing the drugs.

What’s to be done? One answer has been the creation of consortiums to donate and subsidize the purchase of drugs, but that system isn’t without drawbacks either. Another forthcoming study, one of whose authors is FP contributor Roger Bate, finds that corruption in the donated drug industry sees a solid percentage (6.5 percent in the study) of the anti-malarials sold off onto the market, rather than going to the government clinics where they were sent. 

Of course in many ways, these studies are two sides of the same coin. Medicines are too expensive for their consumers in many a country — and hence, the profit from selling them is (in relative terms) enough to entice people to put their medicine up on the black market. Want one more externality? Fake drugs. Patients in desperate need of a pill are susceptible to the temptation of a cheaper version — even if it’s not guaranteed to be real.

W. Husain Commentary- What this article doesn’t  discuss is the role of large multinational corporations and thier big-picture ideals of domination and extraction. The article states that medicines are just too expensive for the poor in developing countries to buy, so there is a black market etc. However, the greater issue is why these large corporations are not making thier druggs AFFORDABLE FOR THE POOR OF THE PLANET? WHY ARE THESE COMPANIES ALLOWED TO EXTRACT EVERY FIBRE OF LIFE FROM THE DEVELOPING WORLD WITHOUT ANYONE TO ANSWER TO??? Has our conception of “capitalism” taken away our humanity and innate sense of empathy towards the suffering of those less fortunate?  (Sorry to rant at you this early in the A.M., but WAKE UP!)

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s