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- Author or Editor: Zeke Ngcobo x
Monopoly patent rewards are highly effective in stimulating successful research and development but do poorly in the next two stages: rapid scale up of manufacturing and strategic distribution to optimize containment and suppression of the disease. A Health Impact Fund (HIF) approach would do better in all three phases by focusing innovator attention on the population level: giving innovators strong incentives to minimize the number of new infections and to avert the evolution of new strains. Such incentives would motivate innovators to take full account of third-party effects of their treatments and therefore to prioritize the people whose treatment would have the largest effect rather than those who can bid the most money, including even very poor people in their strategy. This method would also encourage manufacturers to reduce the cost of producing and distributing vaccines, a goal that is paramount to the HIF’s success.