Affordable Prices for Essential Medicines for Developing Countries : Some Economic Issues

This article discusses some recent developments that may help bring about more affordable prices of essential medicines for developing countries. Governments of developing countries should support campaigns for such prices. Generic competition will also bring gains, though these may differ between different income groups. Enterprises could be persuaded to provide free, or subsidized, medicines for their employees, by the expenditures being allowed against liabilities for profits tax. The UN Global Fund could complement the efforts of public action groups, enhance a government's fiscal capabilities and also encourage other measures to reduce the costs of providing medicines