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Posts Tagged ‘Prescription Drugs’
April 4th, 2019 at 10:16 am
CFIF Urges Opposition to the Importation of Foreign Price Controls
ALEXANDRIA, VA — In November of last year, the Center for Individual Freedom (“CFIF”) joined with 57 free-market organizations and individuals on a coalition letter opposing the importation of foreign price controls on prescription drugs, a proposal currently under consideration at the U.S. Department of Health and Human Services (“HHS”).  In a coalition video released last week, several leading free-market voices, including CFIF, spoke out once again against the perils of imposing foreign price controls.

Unfortunately, recently introduced legislation by Senator Rick Scott (R-FL) entirely ignores that overwhelming opposition from conservatives and the free-market community and seeks to import foreign price controls into the U.S.  This legislation, known as the “Transparent Drug Pricing Act” (S.977), would fix U.S. drug prices to the lowest cost of the same drugs sold in five other countries: Canada, France, the United Kingdom, Japan and Germany.

It is CFIF’s strong belief that importing socialist price controls in an effort to lower drug prices is the wrong approach and will reduce access to medicines, kill innovation and harm patients.  Therefore, CFIF urges Senators not to cosponsor or vote in favor of this harmful legislation.

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