U.S. consumers shouldn’t be seduced by drug importation dreams and promises

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Democrats and Republicans alike are looking to levy price controls on prescription drugs. Democrats are doing so directly in Medicare, thanks to new powers they gave the federal government through the Inflation Reduction Act.

Republicans, meanwhile, are embracing the price controls that foreign countries impose on prescription drugs. Texas recently enacted a law seeking approval from the Biden administration to import cheaper prescription drugs from Canada, my native land. Texas now joins Republican-led Florida and New Hampshire in pressing for a way to import price-controlled Canadian drugs. Democrat-led Colorado and New Mexico have passed similar legislation.

On its face, importing Canadian drugs is appealing. But drug importation would endanger the health of Americans now and in the future.

Read full article at the Buffalo News . . .

Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.

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