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Well, given that drugs are typically developed in the US, manufactured on some Carribean island, and then shipped around the world, what difference does it make if they pass through Canada first? Just one. The US regulates the industry in a manner that lets it jack up its prices to the highest levels in the world, because we have a private system of health care that does not regulate price. The private sector's approach to higher drug costs is either to raise health insurance costs or to not cover some drugs. Claritin worked very well for my allergies, but at $80 for a one-month supply, my insurance decided that they would not cover it. As a result, I could get a less effective drug or one that put me to sleep. I don't see anything wrong with going to Canada. Why should we pay more or get less?
In my current job (I'm starting a Masters in planning in September) I do research on the biotech and drug industries. There is NOTHING different about the American pharmaceuticals that come out of Canada or any European country for that matter. If this law does not pass, and I hope it does, it will just be one more example of how Bush and the Republican Congress cowtow to rich industries.