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Prescription drugs make up only about 10 percent of total health care spending, and their prices are rising more slowly than other, bigger, cost drivers. Generic drugs now make up half the prescription drug market and will continue to increase their market share, so lower-cost drugs are available.(2) Canadian drugs were safe, but they aren’t anymore.Imports of drugs into Canada from Brazil, Bangladesh, China, South Africa, and even Saudi Arabia and Iran have all increased dramatically in the past year.
The medical and psychological effects are very obvious.
Addicts cannot function as normal members of society.
They free ride off taxpayers’ investment in medical research, and they spend more on marketing than on research and development. The Case Against Importation Opponents of importation rebut all five of these arguments, and offer five new arguments against importation.
Let’s start with the rebuttals.(1) Drug prices are not too high.
Rules and regulations in Canada are as strict as those in the U.
S., and inspections of Canadian pharmacies and factories typically find them to be in compliance with laws and best practices similar to those in the U. Critics cannot point to people who have died from drugs that were imported from Canada.(3) Importation is free trade.
Most major drug companies offer discount cards that offer significant discounts on their drugs to low-income consumers.
By law, drug companies must offer their drugs to state Medicaid programs for 15 percent below their lowest advertised prices, and sometimes for even less.
We know that drugs in Canada typically cost one-third as much as drugs in the U.
S., so there is an obvious opportunity to cut costs and possibly save lives.(2) Canadian drugs are safe.