Making new medicines accessible.
The Health Impact Fund is a carefully conceived mechanism for advancing market-based solutions to global health challenges. The HIF proposal was created by Incentives for Global Health, an international and interdisciplinary team of scholars and practitioners and is supported by the Global Justice Program. The HIF aims to incentivize pharmaceutical companies to develop and deliver new medicines so that patients all over the world may have access to vital drugs at prices that they can afford.
Through a pay-for-performance mechanism, pharmaceutical companies would agree to provide new drugs at cost, and in exchange for foregoing the normal profits from drug sales, the firm would be rewarded based on the HIF’s assessment of the actual global health impact of the drug. Governments and other donors would finance the HIF. To learn more, click here.