Hospital specialists sound alarm over trade agreement

Press Release – Christchurch Hospitals’ Medical Staff Association Senior Christchurch hospital doctors are the latest group to raise concerns about the Trans Pacific Partnership Agreement (TPPA), currently being negotiated between New Zealand and 11 other countries.Hospital specialists sound alarm over trade agreement Media release: Thursday, 27 February Senior Christchurch hospital doctors are the latest group to raise concerns about the Trans Pacific Partnership Agreement (TPPA), currently being negotiated between New Zealand and 11 other countries. Christchurch Psychiatrist Dr Erik Monasterio, who has spoken out this week against the TPPA, says there is another concerning aspect to the agreement. “From what we have seen from leaked documents, under this agreement, pharmaceutical companies would have the right to appeal any and all of Pharmac’s decisions. Just as an American drug company recently sued the Canadian government for $500 million over an allegedly poorly performing medication the Canadians no longer wanted to fund, New Zealand could find itself constantly embroiled in costly international lawsuits that could suck millions more dollars out of our health system.” Christchurch Hospitals’ Medical Staff Association Chair, Dr Ruth Spearing, says doctors are deeply concerned that the agreement could lead to out-of-control medication prices, and less money to go around for health services. “This agreement is all about opening things up for multinational drug companies and making it easier for them to do business here, with as few...

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