547 Why are drugs cheaper in Canada?
“. . . if you want Canadian pharmaceutical prices in the US, the steps you must follow are clear. You must cut your standard of living by 20-30%. You must reform your ludicrous product liability laws. And you must squeeze pharmaceutical industry profits through price controls and dominant purchaser policies, thus causing lower levels of pharmaceutical investment and innovation, getting cheaper prices for medicines already discovered at the cost of prolonged pain and suffering for victims of diseases we cannot yet cure or control. And you must restrict patient access to the latest and best medicines in order to keep costs low.” Read the entire paper from AIMS here.
Posts
2 comments:
The main reason drugs are cheaper in Canada is because the government made a good deal with the pharma companies. In exchange for lower prices, they've been given longer patent rights. By doing this, the pharma companies still make the same amount of money off their products but it's just spread out over a longer period of time. By comparison, in the US the pharma companies need to make their dough quickly before the generic companies are allowed to get in there and siphon off their business.
You'll find a few other reasons; read the article.
Post a Comment