A bill that would allow prescription drugs to be imported into the U.S. from Canada to lower drug costs was introduced Feb. 28 by Democratic lawmakers.
While drug importation isn’t a new idea, and legislation on this has been introduced before, this bill contains new safety provisions. For instance, it would require imported drugs to be purchased from a foreign seller certified by the Food and Drug Administration. It also wouldn’t allow the importation of controlled substances, anesthetic drugs inhaled during surgery or compounded drugs.
The goal of the legislation, introduced by Sens. Bernie Sanders (I-Vt.), Cory Booker (D-N.J.) and Bob Casey (D-Pa.), is to lower drug prices in the U.S. Reps. Elijah E. Cummings (D-Md.) and Lloyd Doggett (D-Texas) introduced a companion bill in the House.
“Drug companies make enormous profits, their CEOs enjoy high compensation packages, but the American people can’t afford the prescriptions they need,” Sanders said in a press briefing. “Bottom line is the exact medicine made in the same exact factory is sold at substantially lower prices in Canada.”
But the drug industry is concerned importing drugs could harm patients. Nicole Longo, a spokeswoman for the Pharmaceutical Research and Manufacturers of America (PhRMA) told me the bill “lacks sufficient safety controls” and “would exacerbate threats to public health from counterfeit, adulterated or diverted medicines.”
Read my full article here.
Stay on top of new developments in health law and regulation with a free trial to the Health Law Resource Center.
Learn more about Bloomberg Law and sign up for a free trial.
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to firstname.lastname@example.org.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to email@example.com.
Put me on standing order
Notify me when new releases are available (no standing order will be created)