Baldwin, Colleagues Introduce Bipartisan Legislation to Import Lower-Cost Prescription Drugs from Canada
WASHINGTON, D.C. – U.S. Senator Tammy Baldwin (D-WI) and a bipartisan group of her colleagues introduced the Safe and Affordable Drugs from Canada Act, which would allow Americans to safely import prescription drugs from Canada, lowering costs, increasing access for consumers, and creating more competition in the pharmaceutical market.
Senator Baldwin has long championed bringing down prescription drug costs. In August 2022, Senator Baldwin helped pass the Inflation Reduction Act (IRA) to lower health care and prescription drug costs for older adults, people with disabilities, and families across the nation. Starting in January 2023, the IRA capped the cost of insulin for Medicare Part D beneficiaries at $35 a month for certain covered insulin products. The Baldwin-backed IRA also empowered Medicare to negotiate for lower drug prices with 25 drugs that treat diabetes, cancers, and asthma currently under negotiation with more to come. The cost-savings for the first 10 drugs will go into effect in 2026 and is estimated to save taxpayers $6 billion a year.
Senator Baldwin also launched an investigation into the extremely high prices four large pharmaceutical companies charge for inhalers that 25 million Americans with asthma and 16 million Americans with chronic obstructive pulmonary disease (COPD) rely on to breathe. In just two months after the investigation was launched, three of the four pharmaceutical companies capped their out-of-pocket costs for their inhaler products at $35 per month in the United States.
NOTE: This press release was submitted to Urban Milwaukee and was not written by an Urban Milwaukee writer. While it is believed to be reliable, Urban Milwaukee does not guarantee its accuracy or completeness.
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