Posted on 07/31/2019 4:01:46 PM PDT by Poison Pill
Trump is working on a proposal that would allow the U.S. to import drugs from Canada, HHS Secretary Alex Azar says.
“Working on a plan on how we can import drugs safely and effectively from Canada so the American people get the benefit of the deals that pharma themselves are striking with other countries,” he says.
(Excerpt) Read more at cnbc.com ...
I guess tariffs shouldn’t apply to old fogies and their pills.
Competition is a tried and true way to lower prices...
Yet we states still don’t allow competitive healthcare insurance to cross state line markets. This needs changing also.
I thought they were manufactured here. Buy them back?
Doesn’t Canada get a big discount from the drug manufacturers here in the USA and the drug manufacturers then raise the price to us here in the USA to subsidize the Canadians?
Leftists are already screaming Canadian prescription drugs won’t be safe to take. What BS.
With insurance I pay almost $900 a month for specialty medications; have done for 10 years and I’m not an old fogie. I’d love to pay less.
I thought Canada negotiates the price of it’s drugs with the drug companies for Canadians ,if the US bought the drugs there would be a shortage
Leftists are already screaming Canadian prescription drugs won’t be safe to take. What BS.
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If the Canadians are importing some of the drugs from China, there may be some truth in that. But, generally, they will be safe.
I thought Congress already passed a law allowing importation of drugs from foreign countries, as long as it was only for personal use.
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Exactly, after recouping development cost and/or going generic the drug companies sell to the price-controlled/socialist Canadian market. Will lead to fewer new drugs being developed and some shortages. Dumb idea.
If you think about it, the idea is brilliant. It spreads the pain of subsidizing drug development to our nearest semi-socialist neighbor, without adding significant risk to the drug supply.
“If the Canadians are importing some of the drugs from China, there may be some truth in that. But, generally, they will be safe.”
A lot of info came out recently that a lot of generic medications sold here in the US are made in China and many contain cancer causing chemicals and FDA is warning about them.
Tainted drugs: Ex-FDA inspector warns of dangers in U.S. meds made in China, India
So if big Pharma uses US patent law, government spending and consumer lack of awareness against Americans, then let Americans do what they can to help themselves.
Oh yeah.. China. Ugh. Thanks for the reminder.
Tainted drugs: Ex-FDA inspector warns of dangers in U.S. meds made in China, India
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Yeah, I don’t know what happened to drug manufacturing being done in the US (including Puerto Rico) with extremely tight quality controls and testing.
There’s “recouping your investment”, and then there’s gouging the public.
If a drug company has a successful product, they can sell it around the world - that’s a market of 6 billion people. That’s plenty enough consumers for the drugco’s to “recoup their investment” with lower prices yet still make a decent profit.
There’s no reason for American consumers have to pay 3X, 4X, 5X what everyone else in the world pays - except that those consumers are getting treated like milch cows.
Same. I had to fight with Medicare to cover my transplant medications, as I had the drug changed a few times due to a lack of effectiveness, conaidering they couldn’t seem to figure out that I’d actually had a transplant. $2500 without insurance. We wound up doing a mix of GoodRX and my pharmacy’s own drug coverage program for such situations after my transplant hospital’s initial 2-month supply ran out. We got it down to $50. With all of the other meds I take (about a dozen different drugs daily), I’ll take any savings I can get.
There is now a major shortage of this drug, so he had better sign it soon, or I may be losing this kidney.
I miss the insurance I had in high school. So very, very much.
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