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Just in Time: Another Liberal Who Knows Everything

slk Wrote: Feb 03, 2013 1:13 PM
I read yesterday that 95% of new medicines come from the US because we do not have price controls. Drugs are cheap in Canada because they are expensive here. Price controls require drugs be cheaper in Canada and someone has to make up the difference. Maybe we don't need new drugs, but if we do and price controls become a reality in the US, I have no idea where we will get them from.
rwright Wrote: Feb 03, 2013 3:24 PM
We have many generic drugs in Canada where the patents have run out in the original drug. This makes them cheaper. The government does not control prices, but some drugs, made offshore are sold more cheaply in Canada. Same drug-same manufacturer, but higher US price. Gouging?
libslayer Wrote: Feb 03, 2013 1:52 PM
Short answer: we won't. Obamacare will vastly shrink the pool of available drugs, and destroy what's left of the pharmaceutical industry. Obama destroys everything he touches.
Delta Wrote: Feb 03, 2013 2:01 PM
You're both correct - very few compounds are thoroughly tested outside North America, but U.S. pharmaceutical companies that create these drugs, if they want to distribute them in socialistic countries can only charge what the regimes permit. That's the reason, in order to remain profitable, we Americans pay such high prices for drugs. And if the big-eared one gets his way, even if we have the money, there will be much less research/development.

ZealousConscript wrote: As far as the cost of prescription medicine, I would suggest "The $800 Million Dollar Pill" by Merrill Goozner. Pretty damning evidence about how Big Pharma uses government funding to research drugs, then turns around sells them at astronomical cost in order to increase their profit margin.- Don't Let Obama Kill "Pills for Profit"

Dear Comrade Zealous,

Strike one is that Goozner is from Chicago. Strike two is that Goozner was the Chief Economics Correspondent for the Chicago Tribune.

And there is one thing worse than being an economist, and that’s being a journalist. And to sink...

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