Dollars and Jens
Tuesday, November 25, 2003
 
More Drug Reimportation
Speaking of which, drug researcher Derek Lowe (who isn't, as far as I know, the same Derek Lowe who pitches for the Red Sox) recently linked to a letter by "Milton Friedman and many others" opposing allowing re-importation as applying price controls to American drugs. I think -- hope -- many people expect that Canada would be forced to eliminate (or at least lessen) their price controls as a result, but I may have been too optimistic about that.

Also important, though, is the fact that Canada has limited pharmaceutical companies' liability in a way that the United States has not, and there's evidence that this is as big a factor in the price differences between the countries as is the provinces' pricing power.

- posted by Steven @ 8:31 AM

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