Trump administration has plan to cut drug prices - KTEN.com - Texoma news, weather and sports

Trump administration has plan to cut drug prices

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Do you take prescription drugs? There may soon be a legal way to get them at a lower cost.

The Trump administration is proposing that certain FDA-approved drugs intended for foreign markets can be imported to the U.S. That would clear the way for consumers to purchase prescription drugs from Canada.

The Food and Drug Administration will work on safety guidelines for drug manufacturers who want to import any drugs they sell in foreign countries to the domestic market.

The change would benefit Texoma senior Hugh Moody.

"Twenty medications, there's a heart problem, there's diabetes, and it's quite expensive in the long run," he said.

The administration says manufacturers would use a new national drug code, permitting them to lower the cost of drugs more than what's required by current distribution contracts.

The proposal, however, will exclude the insulin that diabetes patients need.

"It's really high here," said Gail Spradin. "I understand people are up north and getting across for almost nothing compared to what it is here."

A growing number of U.S. states have been considering their own plans to import prescription drugs from Canada, hoping to bargain for better deals than the current system allows.

"You've got old folks that are set on fixed income, and they can't be paying an outrageous deal for medicine and stuff," Larry Duffie said.

There are already signs that Canada's medical industry might be hesitant about the idea of sharing its supply of pharmaceutical products with the United States.

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