Provided these are on drugs that can be manufactured by at least one manufacturer in the U.S. easily and that multiple additional manufacturers are capable of entering the market quickly this is a solid idea that should move jobs home and shorten the supply chain on items that a long supply chain is very undesirable for.
If there are drugs that are not manufactured in the U.S. that it takes long time to gear up for, or cannot be manufactured in the U.S. one is dealing with a potential disaster.
I’d be interested in the insights of someone who knows a good deal about patents and more about micro-economics than I do (I do have an A.B. in economics, although I haven’t used it much, so I know a little bit and remember knowing more).
Is he tariffing exports or imports?
There are problems with the system everything from financing drug development to sales and PBMs and advertising and physicians and more. It works in a very perverted way. But it works. Mostly. The incentives are a little screwy and the libertarian in me says we need to loosen the regulations. Just a bit. It will cause other problems but would likewise reduce costs.
It's a tariff NOT AN EMBARGO. Do know the differnce?
This is that weasel dick lamentations of a loser 3rd world nation. Embarrassing.
80% of all drugs are made overseas in India and China.
I take a drug called Farxiga, here in the U.S. my co-pay would be, with insurance, about $125 a month. For the same price I can buy a year’s supply from India.
I doubt there are any drugs the U.S.A. can’t handle. The question is: After the Covid Beatdown, why in the world haven’t we onshored it already?
You don’t have to go back very many years to find a time when most of our drugs were made in the US.
And when assessing the potential for “disaster”, bear in mind that Trump and his team are not idiots. In fact, I’d say there’s a very good chance they have already thought through every possible contingency that occurs to FReepers.
Israel can provide a lot of generic drugs.