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Many people are paying too much for their prescription drugs or can’t afford to buy them at all.
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.
Parents need to look at their children and help them to become responsible. In conclusion,although the problem of drugs may seem impossible to eliminate, there are concrete steps that can be taken to weaken the hold of drugs on society.
I’ve been asked to present an overview of arguments for and against proposals to increase the quantity of drugs imported from Canada and other countries.
Health Canada admits it does not inspect drugs entering the country, and the FDA says it lacks the manpower to ensure the safety of drugs that cross the border from Canada to the U. Consequently, Canadian drugs are no longer as safe as drugs manufactured and purchased in the U. The case for free trade assumes market pricing of goods and services in both trading countries. The purpose of drug importation is to secure drugs at prices determined by foreign governments, not to achieve efficiency by promoting competition, innovation, or new investment.
Importation is therefore just a kind of arbitrage--taking advantage of price differences caused by regulations--that does not create economic value.(4) Current drug pricing is reasonably fair.
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.
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.