Advance payment of rebate is subject to price reduction

Health, Welfare Minister Jeon Jae-hee expressed her strong will to eradicate the pervasive rebate practices, saying the government will forcibly lower drug prices by up to 20 percent if drug makers are found to offer rebates to doctors and pharmacists in advance.

Some pharmaceutical companies were recently found to have paid a year’s worth of rebates to some hospitals in advance of the new r...