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September 23, 2006
First Wal-Mart offers $4 generic drug prescriptions, now Congress
approves cross-border drug purchases in Canada, where prescriptions
sell for less.
The race appears to be on to see who can offer
consumers the cheapest prescription drugs.
A day after the nation's largest retailer announced its generic drug
discounts, the House and Senate reached agreement on legislation
allowing U.S. citizens to bring a three-month supply of prescription
medication back home with them when they visit Canada.
U.S. consumers have increasingly looked to the north for help in
obtaining cheaper prescriptions. In Canada, government price controls
on medication means that many sought-after drugs sell for up to 80
percent less than they do in the U.S.
The new legislation, part of a Homeland Security appropriations bill
making its way through Congress, would stop U.S. customs agents from
their practice of seizing prescription medicines purchased in Canada,
as long as the quantity is a 90-day supply or less.
The legislation requires consumers to actually travel to Canada to
purchase the drugs. It would still be against the law to order prescriptions
from Canadian pharmacies by Internet or mail order.
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July 9 2008
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