President Donald Trump's tariffs on China raise major concerns about the potential impact on healthcare costs, but the move could have a wide-ranging impact on the industry, but they have some people. It may not produce catastrophic results you may be expecting. Trade experts say.
A survey by the Market Research Group's Black Book Research found that 84% of the healthcare consumers they asked would expect to see higher costs as the prices of medical treatments and drugs increased as a result of Trump's new tariffs. I knew there was. However, health policy expert Chris Pope said healthcare is “not a very, very tradeable sector,” and sectors that rely on trade relations such as drugs and medical devices have been dependent on Trump's tariffs It was assumed that it depends on the size of the
“Most healthcare doesn't have much international trade. The biggest part of healthcare – physician services, all of which are provided domestically. In an interview with Fox News Digital, Pope said, “So. Most of the time, we talk about drugs and devices, which is at most about a quarter of medical costs.”
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“In terms of industry prices, whether it's absorbed into margins, low R&D, or handed over to consumers, it's not entirely catastrophic, but definitely annoying,” George Mason University's Mercatus Research. At the place.
The photo of President Donald Trump is accompanied by an image of someone dispensing pills from pills. Experts say Trump's tariffs could have a wide-ranging impact on the industry, making it difficult to predict, but adds that it is likely that there will not be any catastrophic effects that some may think of. I did. (Fox News)
Experts told Fox News that drug prices are one of the most vulnerable aspects of the healthcare system. He said this was primarily due to China's reliance on certain precursor chemicals and compounds that are essential to producing important drugs. However, the Pope said the effects are likely to affect only general drugs, and are likely to affect non-brand drugs based on demand rather than supply. Generics are already relatively cost-effective, many of which are under $10, he said.
Monica de Bore is an immunologist and senior fellow at the Peterson Institute for International Economics, a Washington, DC-based think tank. She drew a horrifying picture of how many drugs are affected by tariffs.
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“If you look at the list of types imported from China regarding active drug ingredients or anything else that leads to making over-the-counter drugs, it’s all there. This list is basically just about everyone who is self-contained. It spans the range of potential medications you take at any point in your life,” Deborg said. “Because acetaminophen is on that list, it contains over-the-counter NSAIDs, non-steroidal anti-inflammatory drugs, Motrin, ibuprofen, and even Tylenol.”
She said that the medications she relies on China include other mental disorders such as anxiety and antidepressants, and “certainly these prices will rise” if she follows Trump's tariffs. she said.
The rising drug costs have become a concern for many who are following President Donald Trump's tariffs on China, which relies on many sensible drugs. (istock)
Experts say healthcare costs could also rise due to disruptions in the supply chain of medical devices, but their effects are much more difficult to generalize compared to their impact on drug pricing. He said that.
“Maybe (the supply chain) has been split into five stages. From China, they are India or another country.
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However, the Pope argued that prices could vary depending on the size of the device and Trump tariffs.
“It varies significantly depending on where the device is manufactured, where the components are manufactured, what subsidies are available in other countries and in the country, and the extent of retaliation,” he said. Ta.
There is debate as to whether the US should separate its dependence on Chinese-made drugs, such as antibiotics. (AP photo/kiichiro Sato)
Trump's tariffs may be new, but experts say it's not like that to get out of China. Reducing reliance on Chinese products related to healthcare, particularly Chinese products related to drugs such as antibiotics, has been talked about for a while among lawmakers because of the potential national security risks. . In parallel with these debates, businesses are preparing for future tariffs in light of increasing geopolitical tensions.
“There has been a lot of debate from both Democrats and Republicans about the need to bring some of the production of certain types of drugs back to the US to reduce dependence on China,” De Bolle said. It's there. . “All this deal about drugs, medical devices and everything that was being discussed before Trump. So it's not related to Trump.”
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“Essentially, you know what's going on right now with the tariffs that Trump has imposed.
