I have been fearful that John McCain’s occasional use of phrases like “safe importation of drugs� meant that he was eventually going to endorse the re-importing of pharmaceuticals from Canada. Alas, AP has confirmed my fears: Republican presidential contender John McCain on Saturday said he wants to again allow the importation of prescription drugs from [...]
For single-payer advocates, it is axiomatic that the market doesn’t function properly where health care is concerned. But if it seems implausible that one industry would be somehow immune to the economic forces that shape every other field of human endeavor, listen to your instincts. Robert Goldberg, of the Center for Medicine in the Public [...]
As I have pointed out here, Ron Paul voted to allow prescription drug re-importation. This puts the good doctor right in line with Hillary Clinton and the other Democrats running for President. As John Lott explains, this policy would put real human beings at risk: All Democratic presidential candidates agree on pharmaceutical price controls, which means [...]
The Edwards campaign has evidently concluded that, in order to compete with Hillary, its candidate needs to be very aggressive in promoting health care initiatives. Thus, John Edwards has unveiled another feature of his health care plan. This time, he proposes overhauling the drug patent process: Edwards’ plan would offer cash payments in place of [...]
In light of the Senate’s latest action on prescription drug importation, I thought I’d take a look at Ron Paul’s position on that issue. When this issue came up in the House, he voted YES on importation, and this is how he explains that vote: Reimportation allows American consumers, particularly seniors, to benefit from worldwide [...]
Are You Kidding Me? I thought this guy was a Libertarian! How can his supporters countenance a vote that would license the feds to bully private-sector businesses into selling their products below market value? Here’s how he justified this betrayal of principle: Should government say something about controlling prices since it’s a government program? I [...]
In his most recent column, John Stossel makes a point that should be obvious to anyone with pretensions to economic literacy: In the real world, prices are set by supply and demand … When the government uses its muscle to force prices to sub-market levels, the drug companies will develop fewer life-saving drugs. In other [...]
As Robert George suggests, it appears quite likely that a lot of soi-disant sophisticates at both extremes of the political spectrum may well have been wrong about the much-maligned Medicare Part-D. This really shouldn’t come as a surprise, however. It should have been obvious that anything so consistently reviled by the wing nuts couldn’t be [...]
