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Imports Canít Cure Drug Prices
This article continues the anti-importation refrain, with a twist: it emphasizes the potential job losses for countries that place price controls on drug companies. It notes that Michigan has 12,000 pharmaceutical industry jobs that pay $70,000 on average, and observes that when Germany last year required a 16-percent rebate on all prescription drugs, companies cancelled plans for new plants and pulled jobs to other countries. Bottom line: markets cannot be eliminated, and if revenues are limited in one place companies will avoid the places that limit them.
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