Sunday, October 17, 2004
Canada Deals Blow to Importing Drugs
Canada realised that their price controls would break down if they became a drug store for the United States. Let me break this down for you.
We are subsidizing Canadians with our higher prices. But if we used their drugs, the laws of supply and demand would catch up with them.
The good news will be that drug companies will still have the incentive of making new drugs. One of those may actually save your life one day. Or a socialist Canadian.
Canada realised that their price controls would break down if they became a drug store for the United States. Let me break this down for you.
We are subsidizing Canadians with our higher prices. But if we used their drugs, the laws of supply and demand would catch up with them.
The good news will be that drug companies will still have the incentive of making new drugs. One of those may actually save your life one day. Or a socialist Canadian.
