In it, but not of it. TPM DC
As Vitter told his questioner, who is apparently an Obama supporter: "I don't support price controls, but I actually think re-importation would cause that system, as well as these varying prices, to collapse. That make sense?"
Of course, this is assuming the drug companies wouldn't take advantage of their inelastic demand curves by just jacking up prices for everyone. And really, this whole scheme to destroy other countries' social welfare programs for American benefit isn't mighty neighborly of Vitter, is it? Check out the full dialogue after the jump.
Check out the full dialogue:
Vitter: (reading back a question) 'If socialized medicine is such a bad idea, why do you propose we import medicine from a country that has a socialized health care system?' I guess you're talking about Canada, and similar places, Conrad?
Vitter: Well, good question, Conrad. I'm for re-importation not because I wanna import price controls, which Canada has, you're right. It's because I believe re-importation will cause the pricing system world-wide that the big drug companies exploit to collapse. Right now the big drug companies are able to charge very different prices in different countries, and of course we pay the highest price of all. If they did that, like they do now, but then we can write off to Canada, and pass certain safety provisions, and get drugs from there - guess what? That system implodes. That system can't survive. So my ultimate goal, in terms of re-importation, is causing that system to collapse, so there's a true, world-wide price for a drug. And that might - wouldn't might - that would increase the cost in Canada, that would dramatically decrease the cost in the US. So that's where I'm coming from. You want to follow up on that?
Questioner: Okay, um - so Canada, their health care system, they're doing something right, I guess? So are we taking a page from their book?
Vitter: No, I don't - again, I don't support price controls, but I actually think re-importation would cause that system, as well as these varying prices, to collapse. That make sense?