News

News

Minister calls for comment on proposals to change medicine price calculations Business Day, 11 April 2019

15 Apr 2019
. The pharmaceutical industry has long complained about what it says is an unpredictable outcome when the Minister announces the annual price hike for private sector medicine sales, and the impact this has on planning. Private sector medicine prices are tightly controlled by the Health Department, and companies are usually only allowed one price increase a year, known as the single exit price (SEP) adjustment. Committee chair, Fatima Suleman, said the committee is trying to be more transparent and to get consistency in the application of the SEP adjustment in terms of factors and timing.
[BACK TO NEWS]