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MANILA, Philippines – The Ministry of Health will issue a decree that will recommend lowering prices for expensive drugs.
"We have about 120 to 124 molecules (that is, drugs) subject to a maximum or possible retail price of the drug. We will draft a decree and submit it to the office of the president, "said Secretary of Health Francisco Duque III. Forum "In Focus" held Saturday in Quezon City.
"So it's a very important part of the universal health care law: we need to lower the price of drugs and expensive drugs," he added.
In September, the health department released a list of drugs that would have resulted in price reductions as part of a system of maximum retail drug prices (MDRP).
The list includes medications for hypertension, diabetes, heart disease, chronic lung diseases and major cancers.
READ: DOH considers price cut for 120 expensive drugs
Duque then gave an example: if you are a teacher or a policeman with cancer and you spend 1 million pounds, you will spend all your money.
"You will be a needy overnight. That's why we really need to lower (prices), "Duque said. "Our only goal is to make more accessible and lower price barriers for quality drugs, especially deadly diseases."
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