The House passed legislation Thursday effectively permitting the importation of lower-cost prescription drugs from places such as Canada, Australia and Europe. The decision came just in time for the budget year beginning Oct. 1.
Those who are in support of the decision say it saves the American consumer a great deal of money by allowing them to buy U.S.-made medications from other countries where they sell for a lot lower prices than in the U.S. Right now American consumers are permitted to buy a 90-day supply in Canada.
Overseas, drugs can cost two-thirds less than they do in the United States, where prices for brand-name drugs are among the highest in the world. In other industrilized countries prescription prices are set lower genreally because they are either controlled or partially controlled by government regulation.
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