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This essay looks at some of the effects of drug use on society, and suggests some solutions to the problem.
Importation is an unavoidable and beneficial outcome of changing technology, free trade, and globalization. are paying two and three times, or more, for the same drugs sold in other countries.
Free trade benefits everyone, and governments ought not cave in to special pleading by interest groups seeking to avoid competition or limit consumer choice.(4) Current drug pricing is unfair. So long as importation is illegal, drug companies do not have a strong incentive to press foreign governments to lift their price controls and have their citizens pay their fair share of the cost of discovering new drugs.(5) Drug companies are evil. Their profits are huge and excessive, proof of the lack of competition.
The medical and psychological effects are very obvious.
Addicts cannot function as normal members of society.
My own opinion is that importation is probably a bad idea, principally on cost-benefit and social justice grounds, but I respect the opinions and concerns that have been raised on both sides.
The Case for Importation Advocates of importation commonly make five arguments:(1) We have to do something.
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.
The industry’s median profit of 18 percent in 2001 was indeed higher than any other industry, but its investors and shareholders take on more risk than those who invest elsewhere.
According to Fortune magazine, company profits ranged from 28 percent (Amgen) to minus 9 percent (Gemzyne), hardly evidence of collusion or monopoly.