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LETTERS.(ISSUES & INSIGHTS)

Investor's Business Daily

| July 01, 2003 | COPYRIGHT 2003 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

An FDA Alternative?

While it may be true that the Canadian government's price controls are partly to blame for the prescription drug price differentials between the U.S. and Canada, your call for deregulation in "Drugs And Trade" (Editorial, Thursday) is missing the other leading villain: the U.S. Food and Drug Administration.

The FDA stops many drugs that have been found safe by similar agencies in other countries from being sold in the U.S. It also makes the entire approval process exceedingly expensive, yet in many cases it bows to pressure from certain companies and approves unsafe medications.

Lastly, it has fought to prohibit nutritional supplement companies from making valid claims, such as those for folic acid.

The bottom line is that we don't have a truly free market on this side of the border either. You should instead be pushing for private quality controls, such as those Underwriter Laboratories Inc. provides for the electrical industry.

Joe Abbate, Miami

Milking The Taxpayer

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