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... Such measures would strengthen the ability of public-private partnerships to propagate advances in healthcare to developing countries, yielding multiple dividends such as better health, greater wealth, reduced hunger, and higher life expectancies. ...
Finally, the positive relationship between health and wealth applies to developed countries just as it does to less-developed ones. Governments in the United States and Europe can advance both patient welfare and national economic progress by enacting policies to encourage greater private healthcare spending and investment in research and development of safer, more effective medicines and public health technologies, and to reduce barriers to their rapid introduction into the marketplace.
Cross-country data show that in any given year, health (measured by life expectancy) and wealth (measured by per capita income) go hand in hand, and that health improves most rapidly in the early stages of a country’s economic development. Indeed, it has long been recognized that wealth begets health since people in developed countries are more able to afford better healthcare, including the latest medicines and other medical technologies.
Approximate Word count = 869 Approximate Pages = 3.5 (250 words per page double spaced)
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