It is true that new medicines and treatments have significant influences on citizens’ health and life expectancy. I believe that various sources of funds should be invested into the medical research and contribute to the overall social healthcare.
Nowadays medical industry has been a lucrative sector over decades, which has attracted a huge number of companies investing into this area. They usually make margins as a priority while they try to invent new medicines and treatments. Therefore, these companies always invest on the most popular or profitable diseases, such as flu, cancer or AIDS, which can bring about adequate profits or sensation for them. Therefore, they are the most important investment in medical industry.
Individuals can be another source of fund, many wealthy individuals invest money into medical fields for their personal interesting or preference. For example, some people may focus on how to extend the life expectancy, while others concentrate on genetic treatment. Most of them do not care about the wealthy benefits from these researches, they eager to breakthrough the medical research in certain fields.
At the same time, governments also play a important role in the medical research. Governments should offer public healthcare for all citizens. Governments should invest into rare diseases for the minority people. Furthermore, governments should take the responsibility to allocate research resources, and encourage both private companies and individuals to invest into different areas, making the medical research more effective and efficient.
In conclusion, private companies, individuals and governments can both improve the medical technology and skills from their own angles, positively impacting on the whole society.