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DOH studying counter offer to lower prices of medicines

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The Department of Health (DOH) is studying the counter proposal of some pharmaceutical companies to voluntarily reduce the cost of some of their medicines by 50 to 75 percent, in lieu of a price cap regulation.

[Translation: The first effect is price reduction but in the long run, sustainability becomes an issue.]

Duque, however, expressed apprehension towards PHAP's suggestion, noting that the group cannot assure price cuts in places where they are retailed, due to the lack of written policy. He added it would only benefit a small percentage of patients. “Only 63 of the 122 drugs proposed by the DOH for price reduction were included in the list, with no price reduction for other high-cost medicines,” Duque added.

 

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