The Pros And Cons Of Prescription Medications

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You would think that prescription medication would be a public good; however, the opposite is true. Public goods are goods that are collectively provided and deliver shared value to all people.These goods are non-excusable to any people for any reason. Medicines, however, are not private goods and are owned by corporations under patents. Corporations treat medicines like cell phones and TV’s rather then live-saving treatments. Some countries, like Germany, are prohibited from patenting anything akin to medicines. Medications have become monopolized. This angered some people and inspired some to campaign for a “global system of intellectual property protection.” This would rid all patents on medications. Pharmaceutical organizations stated

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