The price of pharmaceuticals prescribed by doctors fell by 14 percent on average from April 1.
The prices of 6,506 varying types of medicine, 47.1 percent of the total 13,841 drugs that are covered by medical insurance, dropped by an average 21 percent, slashing the overall price of medicine by 14 percent.
As a result, Korean companies are bracing for effects of gov’t-imposed price cuts.
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