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It’s all over the news. President Joe Biden’s Inflation Reduction Act is initiating the practice whereby the US government will negotiate the prices it pays to buy drugs from our nation’s pharmaceutical manufacturers and provides to seniors with Medicare insurance. The Act also caps the monthly price of insulin at $35, covers the costs of all senior vaccines including the pricey Shingles vaccines, and extracts rebates from Big Pharma for their prices that rise faster than inflation.

Fact is that many countries around the world already negotiate drug prices with Big Pharma, and it effects prices you pay at the drugstore big time. Let’s look at some medications you constantly hear hawked on TV, and compare the prices you’re charged versus those our neighbors to the north pay.

Ozempic, semaglutide, the diabetes and diet drug, is nearly one-third the price. Humalog and Novalog insulin is nearly 5 times cheaper. Epipen is half as expensive. And it goes on and on. All the result of drug price negotiations.

The solution isn’t buying our drugs from Canada. The solution is getting our own drug prices in line. Fortunately, we currently have a government that is trying to do just that.

https://www.whitehouse.gov/briefing-room/statements-releases/2022/10/14/fact-sheet-president-biden-takes-action-to-lower-health-care-and-prescription-drug-costs-for-americans/

https://medcitynews.com/2023/09/us-prescription-drug-costs-more-than-double-those-in-canada/

#bigpharma #price #canada #inflationreductionact #biden #politics

US Drugs Cost Half As Much In Canada

Dr. Howard Smith Reports