Final week, FDA approved the State of Florida to import prescription drugs from Canada. The value of branded prescription drugs within the US is practically thrice the price of an identical prescription drugs in Canada, so this strategy might save the US cash.
Whereas there are some administrative points to work out on the US aspect, the most important subject is the next: Canada doesn’t need to promote. CBC studies that Canadian Well being Minister Mark Holland said:
“There isn’t any means we are going to permit any jurisdiction, be it a state or one other international jurisdiction, to hazard the Canadian drug provide. That isn’t an acceptable resolution to no matter challenges they could be going through…
We’re going to do every part in our energy to be sure that one other nation can’t be given the flexibility to pillage our well being system for its personal profit.”Canadian Well being Minister Mark Holland
Canada is worried as a result of the US would quickly exhaust the Canadian drug provide. This subject arose in 2019 as nicely throughout the Trump administration and Canadians had the same response again then:
Canada doesn’t have a big sufficient provide of pharmaceuticals to satisfy U.S. demand, and importing medicines from Canada wouldn’t considerably decrease U.S. costs, Ottawa’s performing ambassador informed U.S. officers in latest conferences, based on an announcement revealed on Friday…[the statement] cited a 2019 examine that projected that if 40% of U.S. prescriptions had been crammed from Canada, the Canadian drug provide would run out in 118 days…the U.S. state of Florida spends extra on pharmaceuticals than all of Canada.
https://www.reuters.com/article/us-canada-health-supplies/canadian-ambassador-says-drug-imports-would-not-lower-u-s-prices-idUSKBN1XB55E/
FDA might not keep in mind that if States start to import medicine from Canada, pharmaceutical firms might resolve to boost costs in Canada nearer to US ranges, because the US is the most important marketplace for most prescription drugs.
Way more to come back.
