Abortion Ban and Global Spending on Drugs

Amidst the morning after and birth control pills issues within the Affordable Care Act, defining life or rather ‘personhood’ has taken a front seat once again. Earlier this year, the House of Representatives voted to ban abortion after 20 weeks. Additionally, 12 other states have also enacted this law. Interestingly enough, the public has grown quite ‘wary’ of the 20-week bans. Shockingly, even arguably the most conservative state: Mississippi, has voted against ‘personhood’ amendments. (link)

Since China’s markets have grown substantially compared to Mao’s era, Chinese consumers have also been demanding better living standards. According to the LA Times, for the first time next year, global spending on pharmaceutical drugs will exceed $1 trillion. This rise in demands is largely propelled by the demands for cheap generic drugs in China. Of course, by far, the US will still remain the world’s top per-capita spending on pharmaceuticals because of our reliance on expensive drugs. Generic drug sales, however, are expected to gain momentum as the rest of the world’s demand grows. With this growing market, it seems to indicate that quality of life (in China at least) may be growing as the middle class expands and access to healthcare becomes more readily available.

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