Korea‘s health insurance outlays for pharmacies down 2.5% in 2012

Korea's health insurance outlays for pharmacies plunged 2.5 percent on-year to 11.79 trillion won in 2012, due to the government’s forced price cut for drugs last April, a state-run agency report said recently.

The National Health Insurance Corp. (NHIC) said the total amount spent to cover medical examinations, hospitalizations and drug purchases last year topped 47.84 trillion won, up 3.5 p...