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CIAO DATE: 12/03
The High Price of Cheap Drugs
John E. Calfee
On The Issues
July 2003
Abstract
Congress is considering whether to allow pharmaceuticals exported by American manufacturers to be reimported into the United States. Reimportation would mean importing foreign price controls, which would destroy the pricing structure of the U.S. drug market and have disastrous consequences for future drug research and development.
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