The Canadian Press reports that the government there is looking at the possibility that it could ban the export of inexpensive prescription drugs to the US, which would hurt the fast-expanding Internet pharmacy business in that country.
The government is looking for ways to defend its drug price control system, and prevent these brand name drugs from being exported to the US. Generic drugs would not be covered, but they represent a fairly small percentage of Internet drug sales, according to the Canadian Press.
Almost two million Americans reportedly buy prescription drugs from Canada because of the lower prices available there, despite the fact that the US Food and Drug Administration (FDA) warns that the efficacy and safety of the drugs cannot be guaranteed.
The government is looking for ways to defend its drug price control system, and prevent these brand name drugs from being exported to the US. Generic drugs would not be covered, but they represent a fairly small percentage of Internet drug sales, according to the Canadian Press.
Almost two million Americans reportedly buy prescription drugs from Canada because of the lower prices available there, despite the fact that the US Food and Drug Administration (FDA) warns that the efficacy and safety of the drugs cannot be guaranteed.
- KC's View:
- It may cut off the supply, but it doesn’t solve the real problem – the high cost of US prescription drugs, and the plight of people without insurance.
