from a budget perspective, last year the Federal Government, through the Veterans' Administration and through other programs that are actually run by the Federal Government, we bought about $5 billion worth of prescription drugs last year. Now, I estimate if Americans had access, including the VA and Medicaid and medical assistance and some of the other programs we fund, if we had access to drugs at world-market prices, let my give my colleagues one example, Prilosec, a very commonly prescribed drug in the United States for acid reflux disease and ulcers. In the United States the average price for a 30-day supply is now about $139 a month. That same drug sells in Canada for $55. It sells in Mexico for $17.50. Now, that is just one example. But we believe that you could save easily 30 percent.
Gilbert Gutknecht: “from a budget perspective, last year the Federal Government, through the Veterans' Administration and through other…”
Editor's note · Context
Discussing the cost of prescription drugs and potential savings for Americans.
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