Obama Interview Shows Americans Highly Concerned About Drug Prices; Drug Importation Mentioned as Potential Solution
Last week, YouTube hosted a question and answer session at the White House with President Barack Obama. Americans across the country submitted over 140,000 questions to YouTube, and over a million people voted on which of those questions moderator Steve Grove should ask the president. We were not surprised to find out that the top healthcare question related to none other than prescription drug prices and importation:
Why [does] the same medication that I use cost so much less in Mexico or Canada even though it is being made here in the United States? (Noah, 00:29:03)
Obama’s answer was upfront and honest, and frankly, we liked what he had to say. The president said, “Canada and Mexico are bulk purchasers of those drugs, so they negotiate much cheaper drug prices with the drug companies. We still don’t do that, and I actually think it’s something we should do – it would save us money.” We were also pleased to hear him reopening communication about drug importation. “It may be that importation is still something we should look at in terms of further lowering the price of drugs,” the president said. (more…)
