Massive price slash over 3,441 insurance drugs.

The MOHW announced in the meeting of the Helath Insurance Examination and Coordination Commission on Feb. 27 that the medical insurance prices for 3,441 drugs were reduced by 78.77% in high and 0.01% in low, thus the total medication expenses being curtailed by 100 billion won per year.

The MOHW said that they checked the drug prices at 312 medical institutes and 30 wholesalers from Oct. 31 ...