About two decades ago, "common wisdom" dictated that the way to control drug prices in the US was to import the same drugs from Canada for a fraction of the price. The only problem with this strategy was... everything (1):
1) Most of the time, it is illegal.
2) You never know what you're getting. For example, although Canadian pharmacies "require" a prescription, some of them employ a "rent-a doc," who will ask you a few questions online, and then OK the prescription.(See Figure 1)
3) Canada has one-tenth the population of the US. If we imported every single drug from the entire country, it would make little difference in drug prices here.
4) There are...