New drug policy hits snag

Published: 2006-06-21 06:58:00

Updated: 2006-06-21 06:58:00

After the Ministry of Health and Welfare announced its new plan on May 3 to cut the prices of medicines manufactured by foreign companies to reduce its soaring insurance coverage for medicines, multinational drug manufacturers are opposing the Korean government's plan to allow only cost-effective drugs to be covered by national health insurance.

The ministry will introduce the so-called posi...

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