controlled by Michael Bloomberg, the majority
shareholder of Bloomberg LP, which owns
Bloomberg News.
Health spending will need to rise over the next
few years, as the population grows and ages,
Gaviria said. Colombia spent $432 per capita on
health in 2011, according to the World Bank,
compared with about $1,121 per capita in Brazil
and $8,608 per capita in the U.S.
Gaviria said he wants to attract generic
drugmakers from Korea and India to enter the
Colombian market, to boost competition.