Should U.S. Billionaires Dictate Health Policy Overseas?

New York’s former Mayor Michael Bloomberg, known for his obsession with paternalistic policies such as banning Big Gulps, or even just the arrogant statement that sin taxes’ regressive effect on poor people is good because they lack the proper education, has continued being active in the world of public health through Bloomberg Philanthropies.

The charity arm of Bloomberg, to which he has pledged the majority of his wealth, estimated at over $50 billion, is highly political.

A reasonable assumption would be that a foundation focused on improving public health would support research into curing cancer, investigating rare diseases and orphan drugs, or alleviating the pain and suffering of American patients. After all, if the ambition of giving back to the country in which he amassed his billions were to be the goal, that would appear to be a laudable action.

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