Advertisement

What’s Canada’s response? FDA’s choice to permit Florida to import prescription drugs – Healthcare Economist






Final week, FDA licensed the State of Florida to import prescription drugs from Canada. The value of branded prescription drugs in Canada is almost 3 times the price of an identical prescription drugs within the US, so this method might save the US cash.

Whereas there are some administrative points to work out on the US facet, the largest challenge is the next: Canada doesn’t wish to promote. CBC stories that Canadian Well being Minister Mark Holland acknowledged:

“There isn’t any manner we are going to enable any jurisdiction, be it a state or one other overseas jurisdiction, to hazard the Canadian drug provide. That isn’t an acceptable resolution to no matter challenges they might be going through…
We’re going to do every thing in our energy to ensure that 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 properly in the course of 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 performing ambassador advised U.S. officers in current conferences, in response to a press release printed 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 could not take note of that if States start to import medication from Canada, pharmaceutical corporations could determine to lift costs in Canada nearer to US ranges, because the US is the biggest marketplace for most prescription drugs.

Far more to come back.



Advertisement

Leave a Comment