Healthcare Economist January 10, 2024
Last week, FDA authorized the State of Florida to import pharmaceuticals from Canada. The price of branded pharmaceuticals in Canada is nearly three times the cost of identical pharmaceuticals in the US, so this approach could save the US money.
While there are some administrative issues to work out on the US side, the biggest issue is the following: Canada doesn’t want to sell. CBC reports that Canadian Health Minister Mark Holland stated:
“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...
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