just yesterday in USA Today they ran a story, ``Once Just a Trickle, Canada's Rx drugs pouring into the United States'' and predicting that it is now coming close to $1 billion worth of business where people are buying their medications, name brand drugs, from Canada. And why? Because the same drugs that we have developed here, the name brand drugs, are in Canada for 40 to 50 percent cheaper than they are at our local pharmacy and drugstore. We cannot afford the drugs we need, and we are not doing enough here in Washington to help make that medication accessible. We passed a piece of legislation back in July with 88 Republican votes and 153 Democratic votes that brought competition and choice to the pricing of pharmaceutical medications. Today if one went to Europe and Canada for the same medications dealing with blood pressure, cholesterol, heart disease, those medications are 40 or 50 percent cheaper than they are in the United States. Why? Because in those countries they have competition, and it makes the prices go down. If we brought competition and choice to the market, we could actually have the type of prices that are being afforded right now in both Canada and in Europe. A couple statistics that are so important that people should know, a recent Families USA study found that prices of the 50 drugs most commonly used by seniors increased by three and a half times the rate of inflation.
Editor's note · Context
Discussing the high cost of prescription drugs and the benefits of competition in the pharmaceutical market.
Share
More from Rep. Rahm Emanuel
let me just say to the simplification of the student loan form--actually, it happened to be my first bill--which is to take the 106 questions, 8 pages long, down to commonsense English, cut it in half, and the good news is that, in fact…
in less than 12 months this Congress will do what previous Congresses have failed to do for 32 years. Today, after 32 years of failure, we can take America's energy policy in a new direction. And that failure was through Democratic…
I rise today in honor of the passage of the Americans with Disabilities Act of 1990 and to express my support for the ADA Amendments Act of 2008. As a member of the 110th Congress, I am proud to be a cosponsor of H.R. 3195, the ADA…
this morning, The Washington Post reports that States across this country are forced to start preparing to cut hundreds of thousands of children off of children's health care because Republicans in this House and President Bush have put…





