Prices of pharmaceuticals brought down by 5 - 86 pct - MoH

Sunday, September 9, 2018

Minister of Health Sheikh Dr. Basel Al-Sabah said Saturday the drug pricing committee of his ministry finalized a four-stage survey of the new prices of pharmaceuticals.

Under the survey, the prices of 3,126 pharmaceuticals were brought down by five - 86 percent from the rates approved by the GCC drug pricing committee, he said in a statement.

"The first stage of the survey covers the prices of drugs of heart, blood vessels, endocrines and diabetes given their crucial effect in the treatment of chronic diseases," he minister revealed.

"The prices of 1,033 compounds the treatment of these diseases, which are prevalent in the GCC region, were reduced by up to 84 percent, he revealed. "The prices of 675 drugs for treatment of skin, chest and digestive system disorders were reduced by up to 83 percent. "The prices of 1034 compounds for the treatment of communicable diseases, tumors and inflammation as well as the immune system disorders were reduced by rates amounting to 86 percent," Sheikh Dr. Baser went on.

The drug pricing is a dynamic process given the discovery of new compounds and competition among producers to serve the consumers, he pointed out. "This competition has a positive impact on patients and health facilities; it is also helpful for the Ministry in its efforts to improve service and offer effective and safe drugs at affordable prices," he stated.

In December 2006, the Ministry's supreme council approved a resolution by the Gulf Cooperation Council (GCC) drug pricing committee on the standardization of Cost, Insurance and Freight (CIF) of drugs. "The resolution approved the prices of the Kingdom of Saudi Arabia for considerations relating to availability and affordability," he said, adding that in case of registration of a new drug in a GCC country at a lower rate, the prices is adopted on other member countries.

Express your comment on this article

 
Liyakat Kala
Sunday, September 9, 2018
Now better to buy from pharmacy than wasting time in clinics.

Rani
Saturday, September 8, 2018
God bless MOH council.
Request to Minister of Health Sheikh Dr. Basel Al-Sabah to reduce hospital/clinic charges to its previous levels.

Submit your comments...
     
Disclaimer: The views expressed here are strictly personal and IndiansinKuwait.com does not hold any responsibility on them. We shall endeavour to upload/publish as many of the comments that are submitted as possible within a reasonable span of time, but we do not guarantee that all comments that are submitted will be uploaded/published. Messages that harass, abuse or threaten other members; have obscene, unlawful, defamatory, libellous, hateful, or otherwise objectionable content; or have spam, commercial or advertising content or links are liable to be removed by the editors. We also reserve the right to edit the comments that do get published. Please do not post any private information unless you want it to be available publicly.

Community News
 

Thiruvananthapuram Expatriates Association, TEXAS and 'Uyarangalil Enterprises' together will host a mega event with South I...

201st Birth Anniversary of Sir Syed Ahmed Khan (Founder of AMU Aligarh) celebrated on 01 Nov, 2018 at Hotel Radisson Blu - K...

TCB Kuwait organized and celebrated World Quality Day in a grand function on 8 November 2018 in Al Manshar Rotana. This also...

Upkar Association Kuwait, one of the modestly large Association of Indians formed in Kuwait, celebrated its Diwali Night Gra...

All roads led to Indian Community School, Khaitan, venue of Kala (Art) Kuwait “NIRAM 2018” Children’s Day Painting Competiti...