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Politics : American Presidential Politics and foreign affairs
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To: RMF who wrote (36422)8/20/2009 2:13:53 AM
From: TimF  Read Replies (1) of 71588
 
The Canadian government has more power than just being a major buyer. It can regulate other buyers, and it uses the political process to make itself a near monopsony buyer within the country (actually I think the provincial governments buy instead of or in addition to the national government, but then you still have monopsonies in a smaller area) If drug companies try to go the the brink and say, "ok at that price we won't sell in Canada", then Canada could create a compulsory licensing scheme.

If I was going to be buying Billions in drugs I'd say, "Look, we can come to an agreement for a lower cost and assure you that we will continue buying the drug from you after your patent runs out or we can pay what you want now and as soon as you lose your patent we will be SURE to go to another cheaper supplier when your patent runs out".

When the patent runs out the buyers, large and small, get the drug from the cheapest source.
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