What is interesting is the States have recognized the potential problem or the problem they are having, and State legislatures were getting a lot of pressure put on them to change their laws and, in fact, did in some of these legislatures say that the pharmaceutical companies could not charge more than what they were paying for or what they were getting in Canada or their border state, which was, quite frankly, something that I think that a lot of Americans need to know about because we could do that here. In fact, there is a piece of legislation this year, the Allen bill, and there are several of us that are on that, that actually would say that. We need to look at the cost and what it is costing Americans as to what it is costing not only our border states, but other countries around us. We think we could save about 40 percent of the cost without doing any benefit, without costing one dime from the Federal Government.
Karen Thurman: “What is interesting is the States have recognized the potential problem or the problem they are having, and State…”
Editor's note · Context
Discussing pharmaceutical pricing and legislation to align U.S. drug costs with those in Canada.
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