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Reply to "Trump tariffs: ruin U.S. economy until 2040"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Tariffs on branded pharmaceuticals and increases in ACA health insurance starting in October are going to be devastating. [/quote] People can live without new upholstered furniture for 3 years, or repair used trucks to postpone replacement by as long as possible. But there are many people on branded pharmaceuticals because there is no generic, or because the generic doesn't work for them as well or causes allergies (for expensive meds, I'd think that few working class people and insurance companies voluntarily pay for the brand name). With a 100% tariff, won't they have to transition to worse drugs or surgery, or simply go without - which will not only lower their quality of life, perhaps permanently, but also increase health care costs? [/quote] Yes, and someone who works in drug manufacturing he is screwing consumers on both ends because while he is trying to incentivize companies to move manufacturing to the US he is also taxing/placing tariffs on a lot of the materials that go into manufacturing. So things that are already manufactured here will cost even more to produce. I saw it last week when I ordered something that is already very expensive and then had an additional $3k tariff surcharge. And this was just one needed material. There tariff will hurt consumers and medical research.[/quote]
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