|Leading policy-makers and scholars explain how market forces, deregulation, and consumer choice can work to improve health care for all Americans.||
Making Markets for Vaccines: Ideas to Action
As mentioned above, the Center for Global Development has released a report recommending that policymakers and philanthropic organizations create an “advance market” to help spur private sector research and development of treatments for diseases that primarily afflict poor nations.
Making a commitment in advance to buy vaccines if and when they are developed would create incentives for industry to increase investment in research and development. New commercial investment would complement funding of research and development (R&D) by public and charitable bodies, accelerating the development of vital new vaccines for the developing world. This report presents the proposal from theory to practice, by showing how a commitment can be consistent with ordinary legal and budgetary principles.
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