News About: Med. Insurance


Reduced drug prices to apply from April.

The medical insurance drug price reduction for 3,441 products announced as of March 7 seems to be applied from April 1. In fact the MOHW announcement of the drug price slash on March 2 was pretty much confusion esp...

Prices of 1,400 drugs may cut down by 10% on average.

The MOHW plans to cut down the insurance drug prices of 1,400 items by about 10% on average, which gave a big embarrassment to the drug industry. The MOHW took price checks through medical institutes from Oct. to D...

Appealing chance to allow for companies before drug price slash.

The government earlier inspected the actual drug market prices in the field last year, and found out that some products were supplied at dumping prices. Based on this detected data the government intended to apply ov...

National health insurance to cover more non-prescription drugs.

From the next year the national health insurance scheme coverage seems to be expanded more to non-prescription drugs, which has been optional for the drug company to participate in the medical insurance scheme. Except...

NHI scheme may extend to more non-prescription drug group.

Effective from Jan. 1, next year even non-prescription drugs shall be included to the NHI price scheme, for which many non-prescription drug makers worried about the possibility of NHI reimbursement extension plan. ...

Non-prescription drugs shall be removed from NHI price list.

Recently the non-prescription drug price in the retail pharmacy market has been criticized in public by the activist groups, claiming that its prices at pharmacies and at hospitals under the medical insurance scheme a...

Drug price slash unlikely to bring insurance fund saving effects

Managing director Shin Suk-woo of the KPMA reported a study paper titled "the pharmaceutical industry development in the 21st century" in the seminar held at Moonmak, Kangwon province on Dec. 1. He suggested in the me...

KPA to hold extraordinary meeting on Nov. 30 for final conclusion of current issues.

The KPA plans to have an extraordinary meeting on Nov. 30 again to ratify the issues agreed in the 3 way talks of the government, the medical and the pharmacy representatives concerning the revised bill of the pharmac...

Government's drug price slash gave no saving effects to insurance fund.

In the past 10 years the government cut insurance drug prices down almost every year in an excuse of saving the medical insurance financing fund. However, the KPMA recently conducted a survey regarding the saving effe...

EDI medication bills for insurance reimbursement rejected at high rates.

After the government's medical and pharmacy role separation program launched, pharmacies billed their insurance medication charges to the Health Evaluation Board for insurance reimbursement but have received a high ra...

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