HMM: Canadian shelves ‘would run dry’ if U.S. imports drugs.
Importing prescription drugs from Canada has long been seen as an easy solution to skyrocketing drug prices for U.S. patients.
But now that President Donald Trump and Democrats are pushing to make those cross-border sales legal, Canadian health experts are issuing a dire warning: It could destroy Canada’s drug market.
Attempting to fill the United States’ needs with pharmaceuticals from its much smaller northern neighbor could sap supplies in Canada, creating shortages and driving up prices in a government-run health system that itself is struggling to make drugs affordable, opponents of the import proposals say. And the result, they say, would be little if any relief for high prices in the United States.
“The Canadian shelves would run dry,” said Steve Morgan, a Canadian health economist who has advised the government on pricing reform.
Supply and demand, how do they work?