Experts place emphasis on how Trump’s tariffs affect healthcare costs
president Donald Trump’s Tariffs on China have raised great concerns about the potential impact on health costs, but the move could have a wide range of impact on the industry, but health policy and trade experts say some people It may not produce the catastrophic consequences that may be expected. .
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. but Health Policy Expert Chris Pope said healthcare is “not a very highly tradeable sector,” and sectors that rely on trade relations such as drugs and medical devices have fallen on the magnitude of Trump’s tariffs. I assumed there was.
“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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“When it comes to industry prices, whether it’s absorbed by margins or not. Research and development, Or they tell the consumers…it’s not completely devastating, but it’s definitely annoying,” said Christine McDaniel, a senior economist at the Mercatus Institute at George Mason University. .
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 can be affected. Customs duty.
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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 added that it contains drugs that are dependent on China. Anxiety medicine And following other mental disorders like antidepressants, as well as Trump’s tariffs, “these prices will certainly go up,” 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 also say that health care costs are supply chain In the case of medical devices, however, they noted that it is much more difficult to generalize its impact compared to its impact on drug pricing.
“Maybe (the supply chain) has been split into five stages. From China, they are India or another country.
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 like antibiotics, has been a hot topic among lawmakers for some time. National Security risk. In parallel with these debates, businesses are preparing for future tariffs in light of increasing geopolitical tensions.
“There was a lot of discussion from both. Democratic camps, Like Republicans, the need to return some of the production of certain types of drugs back to the US to reduce their dependence on China,” De Bolle said. It was being discussed in front of Trump. So it’s not even Trump-related. ”
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“Essentially, you know what’s going on right now with the tariffs that Trump has imposed.