America’s Prescription Drug Plan Essay -- Essays Papers Health Medicin

Americas Prescription Drug send offGraphs Not AvailableFor the past couple of years there has been a bitter battle between Canada and the get together States over the importation of prescription medicines. Unfortunately due to amount of uninsured Americans who cannot afford these drugs in the unify States, they must travel across the border and buy them in Canada. presently the United States has made it illegal for anyone but the manufacturer or a selected representative to import prescription drugs into the United States. However the increasing deflexion in price between prescriptions in Canada and the United States has created an opportunity for Canadian businessmen and women to export these prescription drugs from Canada to the United States. According to the Fraser Institute, Canadian mail-order pharmacies currently enjoy reported sales of about US$650 million, a nugatory portion of the American market for prescription drugs (Harris 2003). There are several(prenominal ) concerns regarding the drug conduct with Canada one is the cross-border trade of pharmacies could be harmful, and two it leave behind eventually typeface drug prices in Canada to increase. In turn, will atomic number 82 to increased pressure for explicit price controls in the United States which would cause a reduction in medical research and development. Several Aspects of the United States drug market make it stand out from some other markets. ace of them as stated above is R&D for creating new drug products. As long as the United States is selling prescription drugs at such high prices (in order to support the R&D), Canada will be able to free ride based on the work through with(p) by the US manufactures. The competition between drug manufactures is extremely competitive, and maturation new drugs and get... ...these drugs. The CBO concluded the average price for patented drugs in other industrialized countries is 35-55% lower than in the United States. Ultimately there is a problem, with the prescription drug trade and a solution need to be found quickly. Whether it is a two-tiered system, a mulit-tierd system, or a parallel trade relative to income system the problem needs to be dealt with and fixed. Otherwise plurality are going to get sick and due to the high toll of prescription drug and health care they will lose the feel to get better.Work CitedBeckman, Ph. d, Steven. International Trade, University of Colorado at Denver. Fall, 2004.http//www.theorator.com/bills107/s2244.htmlhttp//www.affordablerx.com/newsandmedia/062103.htmlCongressional cipher Office, Washington D.C. April 29, 2004. http//www.cbo.gov/showdoc.cfm?index=5406&sequence=0