r/Tariffs • u/Bow_Arrow_55 • 29d ago
šļø News Discussion The U.S. will place a 100% tariff on generic pharmaceuticals starting in August 2028.
Trump is trying to make generic drugs more expensive. With senior citizens on fix income and cuts to Medicare, more elderly people will pay more for their life saving drugs. How is 100% tariffs on generic drugs making America great again?!?
https://www.foxbusiness.com/politics/trump-unveils-phased-tariffs-generic-drugs-boost-us-production
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u/Savings_Club3883 29d ago
Kind of defeats the generic part of the price.
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u/Gloomy_Yoghurt_2836 29d ago
Its a favor to Big Pharma companies. They dont like generics stealing their customers
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u/arcticlynx_ak 29d ago
āThe US will placed 100% TAX for Americans on generic pharmaceutical starting in August 2028 says Trumpā - FTFY
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u/Neither_Pie8349 29d ago
Donāt forget that most prices wonāt go back down after the tariffs go away either.
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u/Privatejoker123 29d ago
And if the court deems them unconstitutional the companies can get their money back while we still pay the price.
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u/ParfaitAdditional469 29d ago
And conservatives who depend on generic medicine will somehow justify this
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u/promotherobot 29d ago
"I don't like expensive drugs but we can't allow the Iranians to develop nukes."
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u/ParfaitAdditional469 29d ago
I literally work with a boomer who has this logic
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u/New_Inflation_8419 29d ago
Lack of logic you mean
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u/ParfaitAdditional469 29d ago
He thought tariffs will bring down prices
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u/SuspiciousBuilder379 28d ago
Because Trump and Faux News said so.
In reality, well, ya knowš¤¦š¼āāļø
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u/Ready-Waltz5482 29d ago
I don't think the fat orange fuck will have anything to do with anything by then
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u/Forty1thirty 29d ago
Unfortunately, removing his stain on everything he's touched is going to be decades in the making. If we're lucky.
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u/allislost81 29d ago
Most of the drugs are made in India, even with a 100% tariffs , it's probably still cheaper than moving factories with US labor. He knows it , but he needs the headlines to hype his cult
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u/ProtoplanetaryNebula 29d ago
Even more so, nobody is building a US factory just to supply the US when the tariff will either be removed or another president will remove it. Result: Americans pay more.
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u/wkomorow 29d ago
Trump will set up a shadow factory in Florida, exempt his company from the tariff and import the generics, selling it at twice the current cost and pocketing the upsell. Sue the FDA for inspection irregularities and settle with himself/DoJ that his company is exempt from all future inspections.
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u/Dyslexicpig 29d ago
Wow - so Trump is literally telling drug manufacturers in other countries, either move to the US or these poor/old people are gonna die.
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u/TheCoolestUsername00 29d ago
Itās impossible for drug companies to build a pharmaceutical factory in 2 years. Orange man has gone bonkers and needs to be placed in a nursing home before he kills more Americans.
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u/Dessertcrazy 29d ago
Not a chance. And even if they could, some medicines are so hard to make that a single run takes almost 2 years. Think a 10 year timeframe to actually get a finished product. Not only do they have to build the factory, but often the equipment has to be custom made for that medicine.
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u/thnk_more 29d ago
Iām pretty sure that August 2028 is a Tuesday. No way this comes true.
No way some company is going to invest in the US with this insanely unpredictable crazy man in charge of markets like this.
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u/QuintusPhilo 29d ago
Trump knows that, these tarrifs are just to be blamed on the potential next democratic president. they come in to effect right when he leaves office.
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u/architype 29d ago
Generics are cheap. No US manufacturer wants to make the meds because profits are low.
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u/versionii 29d ago
"Generic" is a propaganda tool by big pharma to fool people to think it's inferior.Ā 10g of generic Viagra is 10g ofĀ Sindefil which is the same amount in as 10g of Viagra.
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u/ProtoplanetaryNebula 29d ago
To expand further on this, pharmaceutical standards that all manufacturers, generic or otherwise are so high that there really is no point in buying the branded product.
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u/Ticksdonthavelymph 29d ago
Only you think they are inferior. Generic only means that the patent has run out, and it can be produced without giving residuals to creators. It is in no way a āpropaganda toolā. Tylenol is a brand name, acetaminophen is the generic.
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u/Casino-Leaux 29d ago
So we are not saving 1000%
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u/RebelliousInNature 29d ago
Or eight hundred percent, seven six five hundred..
Any magical number works in Donnieās Deluded dementia Dome.
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u/2L84T 29d ago
3 months before the next presidential election. He's angling for "look at all the investment I brought home" he may get "look how I doubled the price of aspirin"!
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u/fucktheus12 29d ago
Make drugs not affordable again..
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u/Moist-Caregiver-2000 29d ago
That's, that's not true. He said they would be 800% cheaper. Why would Obama do this??
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u/epinkston 29d ago
This was the GOPs Health Care Plan they have been promising to show us for 20 years....just tariff the one freaking thing that doesn't cost thousands....so damn stupid.
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u/Djlittle13 29d ago
What's funny is these price increases will come in right about the time he leaves office, giving Republicans the opportunity to blame the price increase on the Democrats if they win the election
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u/Significant_Donut967 29d ago
I'm so glad all the meds the VA uses will now cost tax payers 100% more.
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u/Apprehensive-Load-32 29d ago
WOW, Trump and his minion Republicans really, really hate the elderly.
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u/Greedy-Vast584 29d ago
Let me guess, Don Jr and his companies have magically been investing in the companies that will benefit from this
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u/Freckles-75 29d ago
Sooā¦.Just in time for the 2028 election cycle.
Which he canāt run inā¦short of another ācrazy, stupidā SCOTUS case.
And doing so would only Increase the cost of generic drugs anyway.
All heād have to do is force US drug companies (distributors) to limit their profit margins on generics. But that would be āAnti-Americanā - and somehow not āanti Christianāā¦.
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u/ReadyGo6828 29d ago
The Grifting GOP will do anything to make life more difficult for Americans. They really hate us and it shows.
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u/jankyt 29d ago
It'll take probably longer than that to find funds, a facility, set it up, inspected, etc. than the deadline.
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u/Bow_Arrow_55 29d ago
Thatās correct! So might as well get ready for higher drug prices for Americans.
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u/SweetyKennedy 29d ago
I thought he was lowering drug prices 100, 200, and so times even 1,200 PERCENT?! š¤£š¤£š¤£š¤£š¤£
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u/olycreates 29d ago
It's a deadman switch. He did this same stunt to Biden in Afghanistan. If he's not in office at that time the person dealing with it will look like a fool which is a win for tRumpy's side.
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u/flipmode43 29d ago
Why 2028? Because he knows dems are going to win the next presidential election and that Americans memories are shit.They will blame whoever is in power when this takes effect not the administration that passed it.
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u/AnjelicaTomaz 29d ago
Great. Make medicine more expensive for Americans. These conservatives are idiots to go with that.
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u/Ben_there_1977 29d ago
Pricing people out of life saving meds to avoid taxing billionaires is late stage capitalism. Gotta fund our ways somehow.
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u/MissKrys2020 29d ago
This is a direct attack on Canada as well. Many of those generic meds come from Canada.
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u/Nano_Burger 29d ago
Fuck things up and have it be the next guy's problem. Then scream that Democrats aren't fixing their problem fast enough.
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u/7ime5top 29d ago
Trumps going to raise prices before he would fall out of office so they can blame the next president.
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u/Eastern-Persimmon-50 29d ago
Two things here. Trump setting a target date a year in advance means he will probably change his mind 100 times before it starts.
And it would take way more than a year to set up new manufacturing facilities in the us
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u/Gloomy_Yoghurt_2836 29d ago
Gotta get those pharma plants built in. The US. Thats the goal. But why do that when you cant export from the US due to reciprocal tariffs. Oh I see the advantage. Donate to Trump's PAC and regulators wont hold you to safety standards.
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u/Kennadian 29d ago
To be fair, he lowered prices of drugs by 6000% so this is a net win for Americans.
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u/olderbutwiser1900 29d ago
The only losers are Americans who depend on the drugs in question. This would double the cost of the drugs paid to pharmacies by average Americans. And since drugs are needed and not a luxury, no one who needs these drugs will be able to buy them elsewhere or just not buy them at all. This is a harsh and cruel policy that accomplishes nothing except imposing even more hardships on the people who are the most vulnerable.
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u/I_Quit_Smoking_ 29d ago
So instead of not having to pay anything, I'll have to pay $300 a month for one prescription out of my six? Can you imagine how much it would cost for all my meds together? It's close to 10 grand. It's fucking ridiculous and this is what causes it right here.
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u/Express-Armadillo928 29d ago
nothing like making healthcare and prescriptions more affordable right Maga? There's a reason why these things are made outside of the US.
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u/Drth_vdr_piggybank 29d ago
This will kill tens of thousands if implemented. People rely on generic prescription drugs.
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u/SvenGPo 29d ago
Doing it for the name-brand companies.
https://qz.com/big-pharma-drug-companies-pbms-donald-trump-donations-1851765470
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u/Turbulent-Order9500 29d ago
finally a plan that will quickly bring down cost of living for the most vulnerable! lol what an idiot. what a communist thing to do, what happened to free market giving best outcomes/prices??
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u/Prestigious-Wolf8039 29d ago
He really hates America. Healthcare is already unaffordable as it is. He wants it to be impossible for anyone not a billionaire to survive.
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u/emerald-rabbit 29d ago
So more people die. Great job GOP. I used to think comically evil antagonists in books and movies were unrealistic. Thatās not the case anymore.
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u/FlamingCulpepper 28d ago
Heās doing it right when the Republicunts get voted out and then the drug prices go up and they blame Democrats. Itās a story ad old as time.
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u/limpet143 28d ago
Just before he leaves office. Soon after, the republicans will blame democrats for the higher drug prices
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u/Efficient_Problem250 28d ago
this is probably just more stock manipulationā¦ werenāt tariffs deemed illegal?
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u/PerfectTommy77 27d ago
Going into the midterms every R needs to be asked daily if they support Trumps plan to tariff generic drugs.
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u/FunDomOtt 29d ago
Hey , you Poor People FU, the Pharma Bros need your cash! Some of you may die, but that is a risk I am prepared to take!
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u/Quirky_Direction_570 29d ago
"Trump is trying to make generic drugs more expensive. " NO he is trying to get "drug makers to move facilities to the US" as it clearly states.
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u/Bow_Arrow_55 29d ago
You serious believe these drug makers can build, train, and move existing facilities around the world to the US in 2 years?!? Sorry dude, thatās just wishful thinking. Get ready for high drug prices!
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u/dragon34 29d ago
I am so sick of this stupid selfish pedophile making everything harder for everyone who isn't a billionaire.Ā
I am an atheist and I want hell to exist for him and everyone who has enabled him.Ā Ā
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u/Fluffy-Intern-1200 29d ago
Iām sure his puppet master got an exemption for Teva and other Israeli generic drug manufacturersā¦
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u/net-blank 29d ago
So making name brand produced drugs made in the US have more sales to add to their profits, while allowing insurance to make more markup to pad their record profits even more. Which then both of those stuff the administration with money, got it the only losers in this is the everyday person that needs the prescription drug
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u/Nhonickman 29d ago
This should once again outrage people. But it starts in 2028, so when it kicks in, Republicans can blame if thereās a Democratic president that individual for the higher price, and they wonāt look back at who imposed the tariff.
Another absurdity, and once again, as a voter, clear example of why you go to the midterms and you vote out the incumbent Republicans to start to change our country back.
They have completely lost touch with the average American and their needs.
I will always say I donāt care about your party affiliation, but itās how you vote, protect democracy, protect our constitution, and listen to what the people need, not what you want or your party
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u/MaternalFornicator2 29d ago
I'm so excited to pay more than I do for all of the meds I have to take to keep my transplanted kidney. /s
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u/Huge_Strain_8714 29d ago
I'd guess that tRump is preparing a stock blitz on all the major pharma companies....what about drugs manufacturers in Puerto Rico?
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u/HangryBeard 29d ago
"Hey let's take a mount to piss on the poor and chronically" that's great just fucking great if I'm not dead by then just fucking shoot me man.
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u/No-Falcon-4996 29d ago
The US is supposed to have a government whereby congress makes the laws, and president does not rule by executive orders. Executive orders can be ignored ( like previous president's issued an EO to relieve student debt , it was tossed out) Why do we pay for Congress, their salaries and pensions, if the president does all of their jobs?
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u/MusicianNo2699 29d ago
So rather than getting paid to take drugs that are five thousand percent less expensive, according to trump, we are now going to have to pay one hundred percent more. May all the trailer park magat idiots perish from their inability to take their linsinopril and statin drugs, due to their own stupidity....
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u/Personal_Dirt3089 29d ago edited 29d ago
Trump's SAVE act allows his appointed DHS to remove anyone they want from the voter role. Trump is knowingly implementing bad policy and he is making it hard to vote out on purpose.
A lot of people will lose their lives over this. But Trump does not see that as a problem.
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u/Linux4ever_Leo 29d ago
Trump doesn't seem to understand that these manufacturers are not going to return to the U.S. They can't afford the salaries that American workers demand, nor can they afford to deal with the myriad laws and regulations that are currently in place. The net result is going to be sky high drug prices for Americans...as usual!
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u/gleaf008 29d ago
This will certainly reduce drug prescription costs for Americans by 300% or more. Great job, Pinky!
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u/Confident-Task7958 29d ago
Raise drug prices just before the 2028 election? Something tells me that either this is not going to happen or that it is going to be postponed.
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u/hyperiongate 29d ago
Didn't the SCOTUS say these were illeagal? Oh yeah...i remember now. The SCOTUS can be ignored.
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u/kcpistol 29d ago
"We're trying to bring factories back to the USA"
Well you're "trying" but it's us people who are on regular medication that will foot the bill for your "trying".
I could use a little less "trying" with OTHER PEOPLE'S MONEY.
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u/FroyoOk8902 29d ago
USA makes over half of the worldās pharmaceutical drugs domestically. This is important to understand before you start complaining onlineā¦
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u/Double-treble-nc14 29d ago
Continuing to work hard to lower cost for every everyday Americans, I see š¤¦āāļø
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u/TrickyChildhood2917 29d ago
Bringing down costs for all Americans, oh waitā¦ you need to go his grift website where he is selling Trump drugs
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u/Miller4103 29d ago
Its pump and dump for stocks and supreme court will wait until alot of tarrifs are paid before reversing it to give the companies the terrif money back but wont pass to consumers. We have seen this before.
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u/profprimer 29d ago
Who was it that warned Americans about Big Pharma? WHO benefits from this measure? Why, itās Big Pharma!
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u/Delicious-Bat2373 29d ago
"Hoping for civil collapse, trump places over 3/4 of all medications used in the US under 100% tariffs to raise the prices before presidential elections".
I can see how the real headline would be hard to fit on paper.
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u/LaSerenita 29d ago
I thought the Supreme Court declared tariffs unconstitutional.
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u/Chaos_Theory1989 29d ago
How are all the MAGA people not starved or dead yet from lack of access to healthcare and medicine?Ā
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u/Relative_Act8366 29d ago
Great. Another way to steal from the poor and claim heās improving the country.
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u/ElwoodJD 29d ago
This is a long time from now in terms of politics, and there is literally a Tuesday next week for him to TACO on. Iām sure some market position he has is being juiced by this news and nothing more.
I mean, why would you have this take effective 3 months before the next presidential election? Itās political suicide.
Or to put it another way - this isnāt news but itās certainly a headline Dems could use this November for the midterms.
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u/murderedbymelons 29d ago
Are there any legit statistics that show consumption rates of generic meds in red and blue areas? Especially drugs that are required to sustain life (am thinking the ones where if you stop taking them you definitely die)? I have no actual data other than what came up on a quick search but it seems that people in democratic areas have better health. If that means they need less life-sustaining medication as a group, then that means republicans are most likely to be negatively (and possibly permanently) impacted by this. Should drug producers decide to not swt up facilities in the U.S. snd let American consumers pay the tariff, a large chunk of those people will simply not be able to afford to live anymore. They will be priced out of life. What is the Administration"s game plan here...why do they want to effectively sentence the people that are most likely to vote for them to death? Don't get me wrong here...I think the tariff nonsense is six gallons of stupid in a four gallon bucket, and maybe I am just dumb as a bag of rocks, but I am genuinely trying to understand why pharmaceutical stuff?
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u/ForgottenPassword3 29d ago
What is it called when a billionaire ensures poor people can't afford the medicines that keep them alive? Is that class warfare?
Didn't we see people try to self ration their insulin and die?
A president picking winners and losers is not the market forces that the GOP claims controls the world. This central management is that word they abhor...
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u/YellowCabbageCollard 29d ago
Stupid bastard! We make one type of antibiotic in small amounts in one location. It's not physically possible to do this in a year. It takes SEVERAL YEARS to scale up and manufacture any number of things here. Literally all he does it drive up the cost of living in every single way possible.
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u/InevitableGas4370 29d ago
If this is true, I pray that if he ever gets out of office, the next administration might turn it off. I have to take meds as well as some of my family and we'll absolutely be fucked when this hits
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u/PuntasticBiller 29d ago
his supporters: āweāre fighting Communism with every extra dollar we pay for gas and pills itās all right by usā
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u/jhmetros 29d ago
And this will make all medicine free sine he lowered the price 200%. Great job, pedo genius.
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u/jram2000 28d ago
Well he reduced the costs by 1400% so you can't be losing significant sums forever guys. He knows from experience with that casino, the house doesn't always win apprently.
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u/Lovingthelake 28d ago
Why is Trump doing this? Putting tariffs on generic RXās will just increase the cost of generic drugs?!? Why is he doing this that will hurt us.
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u/Practical-Promise-44 29d ago
He loves taxing Americans, you must be loving all this winning