Good coverage in a front page NYTimes article today.
http://www.nytimes.com/2004/10/16/business/16drug.html?oref=login<snip>
It may make political sense to point to Canada as a solution to high prescription drug prices in the United States. But many economists and health care experts say that importing drugs from countries that control their prices would do little to solve the problem of expensive drugs in the United States, where companies are free to set their own prices. Even the nonpartisan Congressional Budget Office estimated that allowing Canadian drug imports would have a "negligible" impact on drug spending.
To begin with, there are not enough Canadians, or drugs in Canada, to make much of a dent in the United States. There are 16 million American patients on Lipitor, for instance - more than half the entire Canadian population.
...
Drug makers like Pfizer say they would reduce their shipments of drugs to distributors in Canada and other countries that re-export to the United States....No Democrat or Republican will be likely to dare to propose
during an election year, or perhaps anytime soon, having seen the political debacle of the Clinton administration's effort to devise a national health care system - and knowing that the pharmaceutical industry is one of Washington's most powerful lobbying forces. Price controls "wouldn't have a ghost of a chance to pass in the Congress," said Senator Byron Dorgan, the Democrat from North Dakota who is the sponsor of the main drug reimportation bill in the Senate.
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So we know the solution, but our elected Congress is so spineless that they won't even discuss or debate. Throw the bums out. They hold the interests of the filthy rich pharmaceutical industry much higher than they do those of the American people.
It's a no-brainer, guys. Why do we let them get away with it?
s_m