Report: Medicine price controls for private healthcare could affect medical tourism industry | Malay Mail

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KUALA LUMPUR, Nov 4 — The country’s health tourism industry could be hit if the government introduces the medicine price control mechanism for private healthcare, The Malaysian Reserve reported today. Pharmaceutical Association of Malaysia (PhAMA) president Chin Keat Chyuan warned the industry...

Monday, 04 Nov 2019 09:51 AM MYTChin claimed that Malaysia is the only country where the government intends to regulate medicine prices in the private sector. — iStock.com pic via AFP

“Our drugs are accessible. We have innovative medicines at affordable prices and I think the figure is a testament to that,” Chin told the business daily. “By controlling this 14 per cent from the total out-of-pocket expenses, would that significantly reduce healthcare costs? What is the cost is being shifted to in-patient and outpatient costs?” he said.

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