Anorak

Anorak | Why you can’t have free trade and price fixing – its kills NHS patients

Why you can’t have free trade and price fixing – its kills NHS patients

by | 15th, March 2012

THERE’S a good piece here about the life and business of a parallel drug importer. Nice Austrian lad getting rich by buying drugs in cheap places (yes, we’re talking about prescription drugs, not the fun ones) and selling them on in expensive places.

This all happens because we have free trade across the European Union. Good thing to have too, people, products, capital and companies can all move as they wish.

However, we’ve also got a system of national, taxpayer funded in the main, health care services. And as always when governments are uying things there’s a temptation for them to fix the prices at which they buy them….and buyers tend not to fix those prices too high now, do they?

So, the Greek, or Italain, medical system says this drug only costs £x, while in Germany perhaps it might be selling for £2x. What happens when you mix and match that with free trade ?

* Drug shortage as phramacists sell medication abroad.

* The lives of NHS patients are being put at risk because vital prescription drugs intended for British use are being diverted abroad for profit by wholesalers and pharmacists.

Yup, you get people buying the drugs in the cheap countries and selling them again in the expensive ones. Just as yer

You have already read 1 premium article for free today
Access immediately the premium content with Multipass

Or come back tomorrow



Posted: 15th, March 2012 | In: Money Comments (2) | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink