China Reports Success In Lowering Costs Of 300 Basic Medicines
This article was originally published in PharmAsia News
Executive Summary
Chinese authorities say an emphasis on basic medicine, both Western and traditional, has been successful in reducing drug prices in the nation's public clinics
Chinese authorities say an emphasis on basic medicine, both Western and traditional, has been successful in reducing drug prices in the nation's public clinics. China's essential drug list, which government institutions are to use, includes about 300 commonly used medicines whose prices have been capped in exchange for subsidies. The State Council said the two-year-old policy has led to a cost reduction of an average of 25%. (Click here for more) "Efforts To Ease Medical Costs Take Effect" - Xinhua (China) (9/1/11) |