Just like us?
Way back in the 1970s, Pakistan
had a health minister who claimed in an international conference that he had
got prices of medicines reduced by 1000 per cent by introducing generic drugs.
He was asked how this was possible, as reducing the price of anything costing
Rs 100 by a hundred percent would mean it would be available for free, and a
reduction of a thousand percent would mean that the buyer would get Rs 900 as
well as the free item. I do not remember what the minister said when this was
pointed out to him (if at all it was), but it was forgotten in a few days.
I was reminded of this when I heard US President Trump promise a
thousand per cent reduction in drug prices. I could understand a Pakistani
minister saying it, as we know the state of education in our country, but how
is it that even the US president does not know what a seventh grade student
does? Should we then assume that the US is just another third world country?
Shakir Lakhani
Karachi
https://www.thenews.pk/print/1395166-just-like-us
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