Industry and government at odds over medicine price increase

  • 📰 eNCA
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Pharmaceutical manufacturers say government’s latest proposed price increase for private sector medicine is too low.

Medicine prices in the private sector are tightly regulated by the health department.

However, pharmaceutical manufacturers are not happy with the latest increase for 2023, suggesting it is too small to cover their costs. The pharmaceutical task group says the 3.2 percent increase put forward by government is half of what it should be.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

For them to increase nor create job opportunities they rather increase prices...yooh khaume

If government applies the same logic to its own parastatals then we can understand the government's point of view. Let's task them to apply the same percentage to Eskom's tariff increase.....

U can't increase prices while unemployment is too high ... what do u expect

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 49. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Pharma industry seeks meeting with officials over ‘puzzling’ medicine price increase set by health ministerThe Pharmaceutical Task Group had anticipated a price hike broadly in line with average consumer price inflation for 2022
Source: BDliveSA - 🏆 12. / 63 Read more »

VIDEO | Prof Barry Schoub explains COVID-19 sub-variant XBB.1.5 - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The Department of Health has urged South Africans to vaccinate, get their boosters, and observe non-pharmaceutical interventions. WDGaF! Can we enjoy our time in peace? Can the professor kindly furnish us with his bank statement i want to see something
Source: SABCNews - 🏆 37. / 51 Read more »

IN SECOND GEAR: Cautious optimism — New vehicle sales give industry a modicum of hope for 2023 recoveryThe South African motor industry is slowly getting back to its feet in the wake of the pandemic, even though the bounceback last year was slower than that seen in 2021.
Source: dailymaverick - 🏆 3. / 84 Read more »