5d ago

Pharma companies urge Trump administration to target Canadian drug pricing

www.hilltimes.com

Pharma, tech giants complained of Canada's drug pricing system, digital service tax to U.S. trade rep

A vial of insulin costs far more in the U.S. than it does in Canada.

Drug prices are set by Canada’s Patented Medicine Prices Review Board which sets price caps by comparing drug prices across a group of 11 countries. The US used to be included in the formula, but was removed from the group in 2022 — because US drug prices are an insane global outlier.

https://en.wikipedia.org/wiki/Patented_Medicine_Prices_Review_Board

A group of Pharma companies including Pfizer and Merck have asked the Trump administration to put pressure on Canada. They are accusing the country of unfair trade practices.

21 comments

America continues to try and drag down the rest of the world into the dirt with them, rather then fixing themselves and actually improving their country.

Why does another country with a private health care system even have a say in Canada's mostly socialized healthcare? Are they worried if they make it the 51st state, the other 50 will demand healthcare?
Pay very close attention to how politicians respond to these threats and vote accordingly.
- Because a bunch of Americans get their drugs from Canada (mail order or driving across the border if you're close), and it really pisses off the pharma companies that they're losing that money.
  
  And it was a Republican idea to let Americans buy from Canada.
- This will be a pre-arranged opportunity for Polievre to play the strong man and "fight back" for the cameras. Expect sudden media access while he performs.
  Trump doesn't give a fuck about the drug pricing, it's a strawman. He knows he's going to get told to fuck off, and if it's important to him, it'll be revisited after the election.
- World domination is why it matter. The world is at war.

Every supplier that's lobbying for this should go on a list for extra attention during the price negotiations, and really put the screws to them.
Fucking scumbags.

He tried shit here in Australia with our generic medicine. Even our right wing told him to get fucked
I hope you guys end up with the same result

A vial of insulin costs far more in the U.S. than it does in Canada.
Drug prices are set by Canada’s Patented Medicine Prices Review Board which sets price caps by comparing drug prices across a group of 11 countries. The U.S. used to be included in the formula, but was removed from the group in 2022 — because U.S. drug prices are an insane global outlier.
https://en.wikipedia.org/wiki/Patented_Medicine_Prices_Review_Board
A group of Pharma companies including Pfizer and Merck have asked the Trump administration to put pressure on Canada. They are accusing the country of unfair trade practices.
- Big pharma wants to play? Fine. Let's just invalidate all their patents, spin up a crown corp to manufacturer generic versions, and export globally at actually fair prices.
  
  We don't have the manufacturing resources to replace all foreign suppliers overnight. Going pirate would require that all the manufacturing facilities be built, secretly, before hand because once we start we'll be cut off.
  
  Here here

Go EFF yourselves! Big Pharma🖕 If the US government wants to destroy itself, keep us out of it!

21 comments