The High Cost of Cheaper Drugs
Tainted heparin in 11 countries has caused the deaths of 81 patients, highlighting the potential danger of cheaply produced — sometimes counterfeit — imported medicines. Congress is holding multiple hearings on the tragedy, but it’s unlikely that they’ll draw the appropriate conclusion. All three presidential candidates support making drug importation easier to combat the “high cost of health care.” But they seldom acknowledge the inherent risk — and associated external costs — in such importation.
By Roger Bate
24 April 2008