Urgent need to regulate medicine prices
FocusM | 31 May 2019 00:30
GIVEN that the cost of living has not gone down, the relatively high prices of medicine in the country continue to worry consumers.
Part of the reason for rising medical inflation and the escalating cost of healthcare is the rising cost of medicine. And this is because the authorities have done little in the past to regulate medicine prices.
The Health Ministry has said it will work with the Domestic Trade and Consumer Affairs Ministry to regulate medicine prices. We hope this will be done sooner than later.
Somewhere along the supply chain, there seems to be excessive profiteering by intermediaries.
From the manufacturer, distributor, middleman, retailer and finally consumer, prices of medicine may easily end up double their original prices.
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