Florida hopes to save millions in drug costs by importing medications in bulk from Canada. The Food and Drug Administration approved the move, making Florida the first US state to win such an approval.
Canadians, in turn, have expressed concern over the possible impact on their drug supply, fearing that exports to Florida – and perhaps other US states in the future – could lead to drug shortages at home. But Health Canada has warned that it will act swiftly if exports to Florida pose a threat to Canadian consumers, and officials reassured Canadians this week that Floridians will not be able to deprive them of pharmaceuticals.
Florida Gov. Ron DeSantis, meanwhile, is thrilled. Speaking ahead of a GOP debate against Nikki Haley last night, he took credit for the decision, saying it would save the Sunshine State between $100 and $200 million a year.
American drugs are among the most expensive in the world, which is largely the result of U.S. patent law and a less regulated market, and politicians have long sought solutions. Former President Donald Trump opened the door to imports, a process Joe Biden allowed to continue, and politicians from both parties want credit for taking action on drug prices ahead of this year’s presidential election.
But owing to the limited scope of Florida’s plan, as well as implementation hurdles, experts doubt that imports from Canada are likely to make much of a difference.America’s new National Security Strategy confirms what Europeans have feared for months: Washington now sees a strong, unified European Union as a problem to be solved, not an ally to be supported.
In this episode of Tools and Weapons, Microsoft Vice Chair and President Brad Smith sits down with Ed Policy, President and CEO of the Green Bay Packers, to discuss how purpose-driven leadership and innovation are shaping the future of one of the world’s most iconic sports franchises. Ed shares how technology and community-focused initiatives, from Titletown Tech to health and safety innovations on the field, are transforming not just the game of football, but the economy and culture of Green Bay itself. He explains how combining strategic vision with investment in local startups is keeping talent in the Midwest and creating opportunities that extend far beyond Lambeau Field.
Subscribe and find new episodes monthly, wherever you listen to podcasts.
More than a week after Hondurans cast their ballots in a presidential election, the country is still stuck in a potentially-dangerous post-election fog.