18
submitted 2 days ago by Daryl@lemmy.ca to c/canada@lemmy.ca

Can anyone make sense of this article? Seems absolutely full of contradictions.

Trump threatens to increase imports of pharmaceuticals into America. Trump threatens increased tariffs on pharmaceuticals. Somehow, American pharmaceutical companies will export drugs cheaply to Canada and then import them back to America and sell them cheaper than they can sell the drugs kept back in America. The world is seemingly dependent on American pharmaceutical firms. India makes most of the world's generic drugs. Canadian drug plans are, by and large, really pushing for the substitution of generics for brand names for reimbursement purposes. Drugs are a lot cheaper in Canada. Somehow, Canada is supposed to import the drugs made in India through American channels, paying American tariffs, instead of directly from India. So Americans can buy them back cheaper than Canadians pay. The ''free enterprise' system, as exemplified by the American drug producers, will always result in the lower price. No American government, Republican or Democrat, has been remotely successful in bringing down American drug costs. There are too many rich people who can afford to pay absurdly high costs for drugs. The top 10% of American income earners is still equal to the entire population of Canada. That is a LOT of demand for drugs-at-any-cost. The Republican "Keep government out of private enterprise" party wants the American federal government to be more like our Canadian government in being able to regulate pharmaceutical profits and drug costs. Instead of wanting Canada to join America, several States want to join Canada when it comes to securing lower drug costs. Trump wants Canadians to pay more for drugs so Americans can get them cheaper. Somehow, wait for it, according to Trump's non-logic America is subsidizing the costs of drugs in the rest of the world, and 'The National Security of America' is at risk.

top 7 comments
sorted by: hot top controversial new old
[-] LostWon@lemmy.ca 8 points 2 days ago* (last edited 2 days ago)

I heard about this elsewhere. The gist I got was that Trump wants the US to pay the lowest price any developed country pays for prescription meds, most likely targeting places in Europe, but with the potential to affect everywhere else too as the drug companies seek to recoup their costs. Thing is, it's apparently unlikely to go anywhere. Big pharma sued to prevent this a while back during a similar attempt by a past administration (I can't remember which president).

[-] Wilco@lemm.ee 7 points 2 days ago

Trump is either stupid or just a liar (well, more of a liar). He got rid of the price cap on insulin, he won't do shit because him and his corrupt treasonous asshats have big pharma's balls in their mouth.

[-] otter@lemmy.ca 4 points 2 days ago

Having a national pharmacare system would make it easier for us to negotiate regardless of what they get up to. Instead of many independent provinces, health authorities, and private insurance providers negotiating separately

[-] avidamoeba@lemmy.ca 3 points 2 days ago

It's strange and I'm deeply skeptical anything would materialize.

[-] Routhinator@startrek.website 0 points 2 days ago

Global is a garbage news source. This is one of their more Fox like articles.

[-] Daryl@lemmy.ca 5 points 2 days ago

Global s not even close to Fox. Never published a 'Fox-like article', EVER. It is a credible Canadian news source.

this post was submitted on 18 May 2025
18 points (87.5% liked)

Canada

9684 readers
538 users here now

What's going on Canada?



Related Communities


🍁 Meta


🗺️ Provinces / Territories


🏙️ Cities / Local Communities

Sorted alphabetically by city name.


🏒 SportsHockey

Football (NFL): incomplete

Football (CFL): incomplete

Baseball

Basketball

Soccer


💻 Schools / Universities

Sorted by province, then by total full-time enrolment.


💵 Finance, Shopping, Sales


🗣️ Politics


🍁 Social / Culture


Rules

  1. Keep the original title when submitting an article. You can put your own commentary in the body of the post or in the comment section.

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage: lemmy.ca


founded 4 years ago
MODERATORS