Senator John Edwards asks for 2 Year Ban on all New Drug Ads

CONCORD, N.H. (AP) - Democratic presidential hopeful John Edwards says prescription drug companies should have to wait two years to begin advertising their new products to consumers. . . . .

Heck, why should customers know about a new drug for the first two years that it is out? If these new drugs are beneficial (presumably why the FDA approved them), what is the loss in poorer health that results from not letting people learn about these drugs? Many years ago there used to be bans on all sorts of advertising such as for optometrists. There have been studies that showed that when advertising was allowed the prices for that type of care went down substantially.

If ads are so misleading, why allow them to be advertised when they have been out for 2 years and one day?

Well, in some sense all this might not really matter very much since the price regulations that the Democrats want to impose on drugs will mean that very few new drugs will be being made.

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Anonymous cbar10@hotmail.com said...

Markie Marxist sez: "That's great! We could then extend the ban on advertising to all capitalist products. We could then save the adversely affected industries with kindly government takeovers."

10/31/2007 6:56 PM  
Blogger John Lott said...

Dear Cbar10:

Sign me up! The savings have only begun!

11/01/2007 3:28 AM  

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