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To: slacker711 who wrote (183399)	2/3/2006 11:54:58 AM
From: TimF	Respond to of 186894

OT I think that in the short run you might get better consumer prices in America, but that would be a very short run. In the medium term things would probably be worse, you would get less investment in new drugs, and other problems, possibly including drug shortages due to the price limits. In the long run things could be better (at least for Americans), if the foreign industrialized countries drop their price controls or at least significantly loosen them. This would effectively end the subsidy Americans pay in higher price controls. The world average price for prescription drugs might go up, but the price Americans pay would probably go down. If foreign companies keep their price controls than either they will try to stamp out the export of drugs back to the US, or the American companies will export less drugs, or American will effectively import the price controls and investment in new drugs will decline perhaps drastically. Tim