3,000 medicines to be re-priced. Average reduction is estimated to be 40 percent

The Ministry of Public Health (MoPH) will step up its efforts to re-price medication to reduce healthcare costs across the board.

Every five years the ministry compares the cost of thousands of medicines against those costs in seven reference countries, and adopts the lowest price. The MoPH will speed up that cycle in January, and re-price medication every three years and pass those savings to consumers. Medication, generally, drops in price the longer it is on the market, especially afte...

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