New HHS plan could lower drug prices

The plan includes a proposal to import FDA-approved drugs from other countries like Canada.
0:42 | 08/01/19

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Transcript for New HHS plan could lower drug prices
The drug industry is warning that a trump administration plan allowing Americans to legally import cheaper prescription drugs from Canada. It's far too dangerous a drug industry lobbying group. Says there's no way to guarantee the safety of drugs coming from outside the US. It's unclear how soon consumers can reap the benefits because the plan faces lengthy regulatory approvals. And potential court. Ounces overseas markets have opened lower on news that the Federal Reserve cut its key interest rate for the first time in more than ten years. The Fed reduced its benchmark rate by a quarter of a percent in a move intended to prevent the economy from weakening. The announcement sent the Dow plunging. It will open today 333. Points lower.

This transcript has been automatically generated and may not be 100% accurate.

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