Maybe it would be much better if they just gave the benefit of $4,000. We would have accomplished what we set out to do. We introduced in a bipartisan fashion a concept of reimportation, allowing people to get access to the same name-brand drugs that they have in Canada, that we have here, that they have in the United Kingdom, in Ireland, Scotland, Amsterdam, France, Germany. All those medications that we get on our shelves they get for 40 to 50 percent cheaper than we get here. On my Web site, I have a Costco in my district. It is a big discount retailer. There is a Costco in Toronto. I list the ten drugs in the Costco versus the Costco in Toronto. The same store retailer, the same discounter, the same low prices. People save $1,200 if they go to the Costco in Toronto verses the Costco in Chicago for the same ten drugs. Reimportation brings competition to bear, and the pharmaceutical companies do not want price competition because they see the senior citizens, they see the taxpayers, as their piggybank to fund them.
Editor's note · Context
Discussing the benefits of reimportation of prescription drugs during a floor speech.
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