No. of Recommendations: 2
The reason some drugs are cheaper in Canada is the governmetn forces the pharm companies to sell the products at a fixed price. THe real impact of this is that the companies charge us more. If everyone was charged market rates our cost sould come down. There is a reason the US is the source for most new medicies and treatments. We allow the developers of the new mediceine to profit fom the reseasrch. Without that profit new research would grind to a halt.

I know some people say that noone should profit off of something that is require to live. But where do we draw the line? For most of the US a car is a neccesity. Should all cars be price controlled so that everyone can afford to buy one? AS a percent of revenues there are very few industries that spend as much on research as pharm companies. Without the reward of the profits these companies will no longer take the risk.
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement