DUNWOODY, Ga. — Some independent metro Atlanta pharmacies are advising patients that imported prescription drugs could be subject to price increases with President Donald Trump’s newly announced reciprocal tariffs against foreign nations.
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Many generic prescription drugs are imported from India, China, Canada and European nations. New taxes on those imports could hike drug prices for U.S. consumers.
“Hopefully it will be just a couple of dollars. Five percent, maybe 10 percent. That’s what I’ve noticed about some of the medications that have gone up a little bit.” said Concord pharmacist Trevor Palatine.
Palatine says drugs that could see price hikes include blood pressure and diabetes medications. He says the tariff could affect the availability of some drugs.
“I’ve seen some drugs being put on back order, which I have to communicate with the patients that the price could go up, that we will try to work on pricing with them,” Palatine told Channel 2′s Tom Regan.
Some customers say they’re worried about paying more for medications they rely on.
“I’m very concerned. I’m here to pick up a prescription now. I’m also concerned for the elderly, who are not working anymore and on a set income.” Alton Reddick said.
Another customer said she hope her medical insurance will help cover any increase in prescription costs.
“I do have pretty good insurance. But I haven’t checked with them to find out whether the tariff prices will go up and whether they would cover them or not. I would guess they probably will. At least to a degree,” said customer Kim Herschberger.
Pharmacists say it’s not clear how soon any price increases would take effect.
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