FDA's taxing authority extended to year 2003

Article Abstract:

The enactment of the Food and Drug Administration (FDA) Regulatory Modernization Act of 1997 that extends the taxation power of the FDA. The new law extends the Prescription Drug User Fee Act of 1992 until year 2003. Although the law was intended to hasten the FDA's drug approval process, the user fees imposed are actually taxes that pharmaceutical firms are required to pay for services they do not want and are already paid by the consumers. The law only promotes more government bureaucracy and exemplifies legalized bribery.

Public Finance Activities, User Taxes, Evaluation, Taxation, Tax policy, United States. Food and Drug Administration, User fees

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The problems of price controls

Article Abstract:

Issues concerning regulations and controls on drugs prices are discussed. A history of price controls in the health industry is presented, with focus on the relationship between government, lobbyists and manufacturers. The role of the government in setting fare prices for health products is stressed.

Health products, Health care products

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Seeing through the snow

Article Abstract:

Issues concerning the price differences on drugs between Canada and the United States are discussed. It is emphasized that the Canadian prices are lower. Reasons behind the differences in drug prices between the two countries are examined, including the comparisons of income levels.

United States, Canada, United States foreign relations, Canadian foreign relations

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