Seniors need help now. In a related move, Sen. Slade Gorton, R-Wash., announced plans to introduce legislation that would prohibit drug makers from charging higher prices to Americans than they charge for comparable medications sold abroad. Gorton said his office has done research showing that prescription drugs are often sold in Canada, Mexico and elsewhere around the world for a fraction of the prices charged in this country. The reason, he said, is that drug manufacturers seek to recoup their production costs, as well as their research and development costs, through their U.S. sales, while only hoping to recover manufacturing costs through their sales overseas. Half of the research and development work that leads to new drugs, however, is funded through U.S. government grants or by the National Institutes of Health in Bethesda, Md., said Gorton.
Drug companies counter that they price their products in accordance with local markets.
His legislation would add to that bill price discrimination between U.S. and overseas markets. My bill is aimed at curing that. This material shall not be published or redistributed directly or indirectly in any medium.