Feds: Regulating Drug Imports Too Costly
Polls Show Most Americans Favor Buying Cheaper Drugs From Canada
POSTED: 12:06 am EST December 22, 2004
UPDATED: 12:15 am EST December 22, 2004
WASHINGTON -- President George W. Bush dangled his support for legalizing prescription drug imports before voters during this year's campaign, but his administration declared Tuesday it's too costly to do safely.
Regulating the purchase of prescription medicines from abroad would wipe away most savings and diminish investment in new drugs, said a report from an administration task force studying the feasibility of legalized drug imports.
Consumers would be better off increasing their use of generic medicines, which often are cheaper in the United States than elsewhere, the report said.
Proponents of drug imports, including some Republican lawmakers, said the report's conclusions were not surprising because many task force members have been staunchly opposed to importation. "It sounds like PhRMA could have written the report," Rep. Jo Ann Emerson, R-Mo., said, referring to the drug industry trade group.
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