Americans are known to head across the border into Canada to buy their prescription drugs at cheaper costs. Now, for the first time, a state government has received approval to do the same thing on a much larger scale. In a decision described as historic, the Food and Drug Administration has granted Florida's request to import drugs in bulk from Canada, reports the New York Times. The pharmaceutical industry is expected to file a legal challenge before that happens, but if the move goes through, expect other states to follow suit. Details:
- The impact: The development has the potential to "change the way Americans obtain prescription medicines and could reduce their cost," per the Wall Street Journal. Several other states already have applications pending to the FDA, including Colorado, Maine, New Hampshire, New Mexico, North Dakota, Texas, Vermont, and Wisconsin.