Internet threatens drug price controls
“. . . the current price regime is threatened by a ‘Canada-only’ bill now before Congress that would allow Americans to purchase drugs via Internet from Canada but not from other countries.
If such legislation were passed, Canada would be overwhelmed by drug buying from the United States, he said. The system that keeps Canadian drug prices 40 per cent below U.S. prices might not survive.”
Seems only a matter of time before drug reimportation becomes history. As demand for Canadian drugs increase (as it surely will with the “Canada-only” bill), pharmaceuticals will simply reduce Canadian supply – with both sides of the border losing. Anyways, reimportation doesn’t get to the root of high drug costs – it merely masks the symptoms.
