U.S. to set up plan aimed at allowing prescription drugs from Canada
Market-oriented people have long noted that the US medical consumer is funding cheaper drugs for the entire world.If we wanted a system that's more equitable, we could create a law that sets the maximum price for medicine in the US at some multiple of what's charged abroad.For example: we could say that it's illegal to charge a US person more than 2x what you charge for the drug anywhere else in the world.This would do two things: it would bring down the cost for US consumers, and it would increase the cost for consumers abroad -- effectively reducing the free-rider effect we currently see in Europe.