20 Jun '11, 4am

Health care costs have been spiraling in many developed nations. They are driven primarily by hospital fees,...

One, the Government should require drug companies to license their patents to the state for a fee. The government can then manufacture these drugs for the people at sell them at a controlled rate. Compulsory licensing allows a country to circumvent unfair patent laws in order to combat serious diseases (eg. AIDS) and epidemics by providing affordable medicines to the people. In this way expensive proprietary drugs can be prescribed without ballooning pharmaceutical costs. This approach was adopted under the DOHA Declaration and is practised in countries like Brazil, India and South Africa. We should also invest in the manufacturing of generic drugs as well as the production of medical devices such as stents, prostheses and other instruments. This will help to cut health care expenses and will have the added advanateg of creating more jobs. Deals with suppliers of such inst...

Full article: http://yoursdp.org/index.php/news/singapore/4855-rethinki...

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