White Plains, New York – December 8th, 2022 – Governor Jared Polis and the Colorado Department of Health Care Policy and Financing have submitted the state’s proposal to the FDA to import lower-cost prescription drugs from Canada. The proposed program aims to provide Coloradans with annual savings of 65% on a selection of 112 drugs deemed to be “high-cost” or “high-volume.”
“Colorado is demonstrating the responsibility that all state and federal governments should show to Americans who are quite literally dying or getting sicker due to egregious drug costs,” stated PharmacyChecker president and co-founder Gabriel Levitt. “For decades, millions of Americans have already taken it upon themselves to buy much less expensive prescription drugs from Canada and other countries through personal importation, often using international online pharmacies. Our work to verify the safety of international online pharmacies has helped Americans avoid dangers that lurk on the internet from rogue websites. Programs such as the one created by Colorado will allow for a regulated and rational drug distribution system of affordable prescription drugs for Coloradans. We urge the FDA to approve Colorado’s program and encourage other states to follow suit.”
PharmacyChecker Research often points to Canadian pricing as a benchmark for state and federal government policies aiming to reduce U.S. spending on prescription drugs, recently finding that Canadian prices are currently an average of 63.61% lower than average Medicare Part D prices. The Centers for Medicare & Medicaid Services project an increase in retail prescription drug spending over 2021-2030 at an average annual rate of 5%.
Founded in 2002, PharmacyChecker helps people find the lowest prices on prescription medication among licensed U.S. and international pharmacies. It is the only independent company that verifies the safety credentials of international online pharmacies and compares their drug prices.