1. Drug Reimportation: The Free Market Solution
- Author:
- Roger Pilon
- Publication Date:
- 08-2004
- Content Type:
- Working Paper
- Institution:
- The Cato Institute
- Abstract:
- As modern "miracle drugs" play a growing role in medical practice, drug prices in America soar far beyond prices in the rest of the world. Yet our law prohibits Americans from buying American-made drugs abroad at those prices and "reimporting" them to the United States. That has led many Americans, and even some state and local officials, to ignore the law and go to Canada and Mexico for their drugs; to the passage in the House last year of a bill lifting the ban on reimportation; and to similar bills now in the Senate—legislation that Health and Human Services Secretary Tommy Thompson recently called "inevitable."
- Topic:
- Human Welfare, International Trade and Finance, and Science and Technology
- Political Geography:
- United States, America, Canada, and Mexico