Proposed bill allowing importation of drugs from Canada to US saves $6.8 billion over ten years

A bill introduced early this year that would allow Americans to import medications from Canada would save the federal government $6.8 billion over the next ten years, according to the Congressional Budget Office. The bill is a response to growing drug costs. A recent study found that US drug prices average higher than other countries including Canada. Lowering drug costs is now a top priority for the majority of Americans of all parties. Drug companies and others have raised concerns about the safety of imported drugs. According to the FDA, almost 40% of drugs Americans take are manufactured in other countries and 80% of active pharmaceutical ingredients for drugs manufactured in the US are imported from other countries.