A vial of insulin costs far more in the U.S. than it does in Canada.
Drug prices are set by Canada’s Patented Medicine Prices Review Board which sets price caps by comparing drug prices across a group of 11 countries. The US used to be included in the formula, but was removed from the group in 2022 — because US drug prices are an insane global outlier.
https://en.wikipedia.org/wiki/Patented_Medicine_Prices_Review_Board
A group of Pharma companies including Pfizer and Merck have asked the Trump administration to put pressure on Canada. They are accusing the country of unfair trade practices.
Why does another country with a private health care system even have a say in Canada's mostly socialized healthcare? Are they worried if they make it the 51st state, the other 50 will demand healthcare?
Pay very close attention to how politicians respond to these threats and vote accordingly.
Because a bunch of Americans get their drugs from Canada (mail order or driving across the border if you're close), and it really pisses off the pharma companies that they're losing that money.
And it was a Republican idea to let Americans buy from Canada.
Loosing higher profit yes but they don’t loose to a competitor it’s most likely their own medication with their own supply chain only sold at a lower price in Canada. One thing we can be sure is that the Canadian pricing doesn’t involve loosing money.
You don't get how CEOs think - if you made huge amounts of money but felt entitled to GIGANTIC amounts of money, then you lost imaginary money and need to be compensated.
This will be a pre-arranged opportunity for Polievre to play the strong man and "fight back" for the cameras. Expect sudden media access while he performs.
Trump doesn't give a fuck about the drug pricing, it's a strawman. He knows he's going to get told to fuck off, and if it's important to him, it'll be revisited after the election.
World domination is why it matter. The world is at war.