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Tariffs Could Raise Generic Drug Costs | Entertainment and Celebrity News
Description
Pharma’s about to get a major shakeup: starting in 2028, imported generic drugs face a 100% tariff, then 200% the next year, aimed at bringing manufacturing back to the U.S. But experts warn this could hike prices for the 90% of prescriptions that rely on generics — making everyday meds costlier and harder to access. While the goal is reshoring production — a move the U.S. desperately needs given its lag behind China and India in active ingredient manufacturing — industry insiders fear generic makers can’t absorb these costs. With reimbursement rates already tight, the plan risks destabilizing the industry and squeezing consumers, employers, and the healthcare system alike.
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