Washington, DC – U.S. Sens. Bernie Sanders (I-Vt.), Cory Booker (D-N.J.) and Bob Casey (D-PA) issued the following joint statement in reaction to the preliminary cost estimate of the Affordable and Safe Prescription Drug Importation Act issued by the Congressional Budget Office:
"We are glad to see the independent Congressional Budget Office recognize that the Affordable and Safe Prescription Drug Importation Act -- which will help lower prescription drug costs for millions of Americans by allowing the safe importation of prescription drugs from Canada and other nations -- will also save taxpayers $6.8 billion over the next ten years. In addition, our bill will help patients struggling with skyrocketing drug costs save money while ensuring critical consumer safety protections -- and providing major benefits for American taxpayers. We hope this CBO score will propel Senate Republicans to act and quickly take up this cost- and life-saving measure.”
In February, Booker, Sanders, and Casey introduced the Affordable and Safe Prescription Drug Importation Act to help lower the rising cost of prescription drugs by allowing Americans to import safe, low-cost medicine from Canada and other advanced countries.
The legislation would instruct the secretary of Health and Human Services to put forward regulations allowing wholesalers, pharmacies and individuals to import qualifying prescription drugs from licensed Canadian sellers. After two years, the secretary would have the authority to permit importation from countries in the Organizations for Economic Co-operation and Development (OECD) with standards for the approval and sale of prescription drugs that are comparable to those in the United States.
The bill includes detailed provisions outlining safeguards and consumer protections that ensure the safety of imported drugs, including FDA certification of foreign sellers, a clear definition of what drugs may be imported and supply chain security requirements.
More information on the bill can be found here.