Final week, FDA licensed the State of Florida to import prescribed drugs from Canada. The value of branded prescribed drugs within the US is almost thrice the price of similar prescribed drugs in Canada, so this strategy may save the US cash.
Whereas there are some administrative points to work out on the US aspect, the most important challenge is the next: Canada doesn’t need to promote. CBC experiences that Canadian Well being Minister Mark Holland said:
“There isn’t a means we are going to enable any jurisdiction, be it a state or one other international jurisdiction, to hazard the Canadian drug provide. That isn’t an acceptable answer to no matter challenges they could be dealing with…
We’re going to do all the pieces in our energy to make it possible for one other nation can’t be given the power 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 challenge arose in 2019 as effectively throughout the Trump administration and Canadians had an identical response again then:
Canada doesn’t have a big sufficient provide of prescribed drugs to fulfill U.S. demand, and importing medicines from Canada wouldn’t considerably decrease U.S. costs, Ottawa’s appearing ambassador informed U.S. officers in latest conferences, in accordance with a press release revealed on Friday…[the statement] cited a 2019 research 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 prescribed drugs 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 medication from Canada, pharmaceutical corporations might resolve to boost costs in Canada nearer to US ranges, because the US is the most important marketplace for most prescribed drugs.
Rather more to come back.
