Posted on 03/04/2009 7:28:00 PM PST by rabscuttle385
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Great news, since Rx brand drugs cost so little in other countries.
McCain is hanging with Olympia Snowe? I’m shocked./sarc
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
So many Pharmacies have one month for $5 and three months for $10 now on a broad spectrum of medications. I believe the entire reason for the Prescription Benefit for Seniors was brought about to counter exactly this.
Many on the right voted for this and Bush signed it, partly because of the cry and hue over this particular issue. This will strangle research and prevent life-saving medications from ever being developed. Thanks to the anemic campaign put on by McCain, we have enough to worry about without him piling on more. You all know the old saying, “You can lead an old turd to water but you can’t make him smart.”
And yet I’m sure they all would be dead set against Walmart being able to offer 4.00 prescription drugs....
Great news, since Rx brand drugs cost so little in other countries.
Don't be so sure. Big Pharma relies on the US market to pay for a.) their research (millions) and b.) the cost of gaining FDA approval (more millions).
If their US sales can be undercut by re-imported goods, then who's going to continue investing in research and FDA approvals? Nobody.
If approved, this law will probably stop pharmaceutical research in its tracks.
It's further proof that twelve years as Chairman of the Commerce committee didn't teach McCain a damn thing about business and the economy. If he wanted to do something constructive (rather than destructive), he could hammer on the Euro-socialists for mounting a price-fixing cartel that doesn't allow a price that helps the pharmaceutical companies recover their R&D (and FDA approval) costs.
It's not that we're paying too much. Instead, it's that the rest of the world is paying too little.
You’re spot on. This will hurt pharma research, profits, and employment. This also increases the risk of sub-standard drugs coming in from China and other lovely places, since the chain of custody is longer and less controlled. McCain drives me nuts . . .
Obama is a catastrophe. And McCain would've merely been a disaster.
I believe we could've trusted him on the war. But little else.
Amnesty, CFR, global warming, temperament...McCain had a chance to be one of the worst presidents ever. A Jimmeh Cahtuh-style presidency.
Obama's worse. But McCain wasn't a walk on the beach...
Didn't Wal Mart already do that?
This will hurt US drug companies and the development of new drugs.
The WTO has dropped the ball on intellectual property rights for drugs. Most (all?) other countries threaten to produce the drug domestically if the drug companies do not sell at the demanded prices. The goal of importation is to impose price controls indirectly. Price controls reduce supply and innovation.
The importation idea will not work as these politicians envision. The drug companies will not sell excess drugs to these countries. Little supply will be available for importation. Canada has threatened to stop the export of its cheap drugs.
Good move! This has been one of McCain’s favorite issues for some time, but the Bush GOP kept voting it down. Today’s Congress may be just as bought off, but at least it’s by a different set of interests.
Hey, I think you're right! If we don't give Sony immediate monopoly power over computer chip production, the whole field will grind to a halt.
The sponsors forgot to mention this will mean U.S. companies will then invent as many new drugs as Canada, Europe and other freeloaders.
I agree with this.
“This also increases the risk of sub-standard drugs “
they are FDA approved drugs
capitalism means less government control over the economy. Which is what this is about.
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