Threat of future tariffs on pharmaceutical imports alarms health care community [CBS News]
ING Group, N.V. (ING)
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Source: CBS News
"I have high blood pressure, and when you even speak of it, I can feel like a stressor coming up in my neck," the 70-year-old Cook told CBS News. "I don't know what will be done. I don't know what I'll do." Cook worries that tariffs on pharmaceuticals would send her costs soaring even higher. Generic medicines make up nine of 10 prescriptions in the U.S., nearly half of which come from India, which exports about $9 billion in generic drugs to the U.S., according to data last year from the IQVIA Institute for Human Data Science. Nearly all of the United States' generic drugs come from overseas. In a last-minute move Wednesday, the Trump administration excluded pharmaceuticals from Wednesday's retaliatory tariffs , giving consumers a break for now. "There are some people who can't even afford their little co-pay," said Bobby Benson, owner and pharmacist at Belmont Pharmacy in Las Vegas. Benson has even set up an IOU system for his customers and says some already ration their
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