Americans will soon be able to legally import lower-cost prescription drugs from Canada officials with the Trump administration announced Wednesday morning. The system proposed by the Trump Administration would allow states, wholesalers, and pharmacists to get FDA approval to import certain medications that are already available in the U.S.
Health and Human Services Secretary Alex Azar said U.S. patients would be allowed to import medications safely and effectively, with oversight from the Food and Drug Administration. Pharmacists would act as intermediaries for the patients.
“For too long American patients have been paying exorbitantly high prices for prescription drugs that are made available to other countries at lower prices,” Azar said in a statement announcing the decision. “Today’s announcement outlines the pathways the Administration intends to explore to allow safe importation of certain prescription drugs to lower prices and reduce out of pocket costs for American patients. This is the next important step in the Administration’s work to end foreign freeloading and put American patients first.”
The move is a blow to the politically powerful pharmaceutical industry which been criticized for spiking drug prices, including commonly-used drugs like insulin, which has seen its price skyrocket in recent years forcing many consumers with diabetes to ration their doses. more here