Medicine price caps to be 'reasonable,' DOH tells drugmakers

ABS-CBN News

Posted at Aug 01 2019 09:48 AM

Watch also in iWant or TFC.tv

MANILA - The government's plan to set a maximum retail price on certain drugs will be "reasonable" to guard against pharmaceutical firms taking a hit on profits, the Department of Health said Thursday. 

Some drugs are sold at a higher price in the Philippines compared to wealthier countries like Australia and Canada, said DOH Spokesperson and Undersecretary Eric Domingo. 

"Gusto lang naman naming maging patas. Hinahanapan naman po natin ng reasonable na presyo, hindi naman po iyung malulugi sila," he told radio DZMM. 

"Alam naman po nating negosyo iyan... pero kailangan iyung mark-up ay reasonable at hindi naman po natin ibababa sa pinakamababang benta sa ibang bansa." 

(We just want it to be fair. We are looking for a reasonable price in which they would not lose. We know that it's a business but the mark-up should be reasonable and we wouldn't bring it down past the lowest price in other countries.) 

The DOH in "1 or 2 months" will release its recommendation on what drugs should have a price cap under an administrative order, Domingo said. 

The last maximum retail price was imposed on drugs for hypertension, cancer, bacterial infections and diabetes in 2009 under the Arroyo administration

DZMM, August 1, 2019