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Health ministry to reduce ceilings on prices of generic drugs

Published: 2011-08-17 06:57:00
Updated: 2011-08-17 06:57:00
The government on Friday announced a set of plans to lower generic drug prices by up to 33 percent starting next year, prompting vehement protests from pharmaceutical firms.

The new measures will bring down the prices of some 8,776 of the 14,410 drugs covered by the national health insurance system by 17 percent on average.

The proposed cuts will allow patients to save about 600 billion w...

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