Drug Imports Opposed by Federal Government
Admittedly, I'm not an expert on international trade or pharmaceuticals, but it seems to be a basic principle of supply and demand that allowing Americans to expand their market for purchasing drugs will lower the cost to us. The US government disagrees.
Regulating the purchase of prescription medicines from abroad would wipe away most savings and diminish investment in new drugs, said a report from an administration task force studying the feasibility of legalized drug imports.
Proponents of drug imports, including some Republican lawmakers, said the report's conclusions were not surprising because many task force members have been staunchly opposed to importation. "It sounds like PhRMA could have written the report," Rep. Jo Ann Emerson (news, bio, voting record), R-Mo., said, referring to the drug industry trade group.
Whatever happened to free trade? Is the GOP committed to ignoring every principle of theirs that I admire?