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Drugmakers to be under pressure to lower drug costs

Published: 2009-01-21 06:59:00
Updated: 2009-01-21 06:59:00
Domestic and foreign pharmaceutical firms will be obliged to reduce prices of insurance-covered drugs as the Health Insurance Review and Assessment Service is set to evaluate the economic effectiveness of 3,000 medicines within the year.

Under the HIRAS plan, the national health insurance is to pay for medicines that are not only effective in treating diseases but also cheaper than other dru...

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