Generic drug prices to fall by 20 percent on average

When a generic drug gets listed for insurance coverage, the price of the corresponding drug will be determined by 80 to 100 percent versus the original drug, the Ministry of Health and Welfare said on July 24.

Under the new drug-pricing policy called the positive list system,'' when the patent period of an original drug expires, its price will be decreased by 20 percent and the price of the...