Big Pharma Is Already Pushing Back Against Trump’s Plan To Lower Drug Costs
The Trump administration outlined on Wednesday a proposal that would allow the U.S. to legally import cheaper prescription drugs from Canada, a tactic the U.S. pharmaceutical industry and regulators have warned could threaten consumer safety.
Under the plan, states, wholesalers and pharmacists, acting as intermediaries for consumers, would draft a proposal for safe importation of prescription drugs already available in the U.S. The groups would then submit the proposal to the Food and Drug Administration for approval.
“President Trump has been clear: for too long American patients have been paying exorbitantly high prices for prescription drugs that are made available to other countries at lower prices, ” Health and Human Services Secretary Alex Azar said in a statement. “Today’s announcement outlines the pathways the administration intends to explore to allow safe importation of certain prescription drugs to lower prices and reduce out of pocket costs for American patients.”
This would be a relief to many American’s, especially those with low or fixed income. You know, the guys who worked their whole lives to retire and those living paycheck to paycheck but not taking government benefits?
Well, big pharma isn’t having any of it and plan to hit the Trump administration with every form of resistance in their shady wheelhouse. All so they can keep draining America’s vulnerable citizens who need certain medications to live.
“Big Pharma has already come out swinging against the plan, including a statement from Pharmaceutical Research and Manufacturers of America (PhRMA) president Stephen Ubl, who called the proposal “far too dangerous.”
“There is no way to guarantee the safety of drugs that come into the country from outside the United States’ gold-standard supply chain,” Ubl said in a statement according to ABC News. “Drugs coming through Canada could have originated from anywhere in the world.”
They’re starting with fear-mongering by claiming the drugs might be safe and adding that Canada may not be able to meet the U.S.’s drug demands. Meanwhile, Senators on both sides have come together in support of Trump’s plan.
We can only hope that Senators keep that momentum of support when the pharmaceutical companies get desperate and start writing checks,..
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