DOH to push through with price cuts on medicines

The Department of Health said that the proposal of the Pharmaceutical and Healthcare Association of the Philippines to cut the prices of certain medicines will not fully support the department’s campaign to make drug prices more affordable.“The offer is full of good intentions. But whether those intentions will translate into actual benefits to our people is something that is not clear,” said Health Secretary Francisco Duque III.

“While they could be willing to cut down their prices, they admitted that they cannot control how the retailers will structure their pricing,” said the health chief. Duque said that they are determined to push through with their proposal of imposing a maximum drug retail price that covers 120 drugs. The average drop in drug prices that the DOH is suggesting is at 56 percent.

The health chief said that public consultations are still being conducted with regards to the imposition of the maximum drug retail price.

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