Last week, FDA approved the State of Florida to import prescribed drugs from Canada. The value of branded prescribed drugs within the US is practically thrice the price of equivalent prescribed drugs in Canada, so this method might save the US cash.
While there are some administrative points to work out on the US aspect, the most important problem is the next: Canada doesn’t need to promote. CBC stories that Canadian Health Minister Mark Holland said:
“There is no way we will allow any jurisdiction, be it a state or another foreign jurisdiction, to endanger the Canadian drug supply. That is not an appropriate solution to whatever challenges they may be facing…
We’re going to do everything in our power to make sure that another country cannot be given the ability to pillage our health system for its own benefit.”Canadian Health Minister Mark Holland
Canada is worried as a result of the US would quickly exhaust the Canadian drug provide. This problem arose in 2019 as properly through the Trump administration and Canadians had an identical response again then:
Canada doesn’t have a big sufficient provide of pharmaceuticals to fulfill U.S. demand, and importing medicines from Canada wouldn’t considerably decrease U.S. costs, Ottawa’s performing ambassador informed U.S. officers in current conferences, based on an announcement revealed on Friday…[the statement] cited a 2019 examine that projected that if 40% of U.S. prescriptions have been stuffed 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 determine to lift costs in Canada nearer to US ranges, because the US is the biggest marketplace for most prescribed drugs.
Much extra to come back.