The Importance of Consequentialism

Is the Health Impact Fund on Consequentialist Grounds or is there some kind of other moral underpinning for this? I think that we are not just doing too little to help poor people in the world, we are doing far too much to harm them. This notion that we are doing positive harm by neglecting to provide cheap drugs isn't different from refraining from aiding a country. My preference would be instead of asserting any kind of natural right to property just to say: We will give innovators certain rights if it turns out that that is best all around. In this case what's best all around is an innovation reward mechanism that works more like the health impact fund and less like the