News About: Med. Insurance


Drug industry wanted insurance price system change before massive price reduction.

The drug industry strongly called for revamping the insurance price system before a massive price reduction of insurance drugs as scheduled to take effect from coming July, claiming along with other pharmaceutical...

915 imported drugs filed to list in medical insurance reimbursement book.

As the national medical insurance scheme provisionally permitted for imported drugs to reimburse effective from July 1 this year, 915 drugs imported by 119 pharmaceutical importers and manufacturing companies were fil...

Insurance reimbursement for 615 new drugs approved.

As of April 1, 1999 the MOHW approved new insurance reimbursements for 615 products. (see YK data reference No. 12) 615 items included 6 new drugs of chemical entities by 5 companies, 609 products by 98 companies i...

New working standards for insurance drug price now under review.

Upon request by readers a full text of the revised draft for "the detailed working standards for determination of medical insurance drug price and review on new registration" is herein transmitted. The detailed...

Imported drug insurance price likely to settle in 2.1 folds of landed price.

The insurance reimbursement price for imported drugs will be listed to the official reimbursement book from July this year after due determination of its guideline probably within the range of 2.1 folds over the landi...

1,037 new drugs listed to National Medical Insurance Reimbursement Plan.

Authorization of the National Medical Insurance drug price for new products reserved since Nov. last year due to its transfer from the KPMA to the KFMI (Korea Federation of Medical Insurance) has now resumed for 1,037...

Price increases of insurance drugs showed tightfisted for 10 years.

During the past 10 years insurance drugs have shown a serious unbalance in price management. Yearly about 363 insurance drugs on average took price increases or merely 85 items increased if it excluded 2,868 items o...

Massive slash of insurance drug prices likely to effect from April 1.

The official announcement of the drug price reduction the MOHW originally scheduled to March 1 seems to be delayed to March 15 at earliest or to April 1 at latest. The MOHW has discussed with the MOFE over this issu...

1999 perspective in drug industry: Consolidated medical insurance.

The National Medical Insurance Corporation (NMIC) launched its operation in Oct. after merging the Korea Medical Insurance Corporation (covering the government employees and school teachers) and the Regional Medical I...

Medical insurance reimbursement

KPMA requested to the MOHW for legislating the payment terms of the medical insurance reimbursement from the insurance agency to hospitals and from the hospital to drug suppliers (manufacturers and/or drug whole...

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