Finland: Prescribed drugs are getting cheaper in the present day
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The minimize within the drug tax for prescribed drugs comes into drive in the present day, Sunday, and it applies to all prescribed drugs, the Finnish Pharmacists Affiliation informs.
The worth discount varies from 0.2 % to 9 %, relying on the wholesale value of the drugs. The worth drops essentially the most for very costly medicines: for instance, a drugs that price 15,000 euros yesterday prices round 13,800 euros in the present day. A drugs that price 100 euros shall be cheaper by 1.43 euros. Medicines costing lower than 10 euros shall be cheaper by about two %. On common, the costs of prescribed drugs will lower by 5.7 %.
The drop in costs advantages each the customer of the drugs and Kela, which pays the drugs reimbursements. Within the case of non-reimbursable medicines, the profit goes solely to the customer of the drugs, within the case of solely reimbursable and infrequently costly medicines to Kela. In primary reimbursed and decrease particular reimbursement class medicines, the profit is split between the customer of the drugs and Kela.
The change within the prescription drug tax will minimize practically 40 million euros from pharmacies. The drastic surgical procedure is partly compensated by a pharmacy tax discount for costly medicines.
“The financial system of pharmacies is present process a serious change, as pharmacy bills at the moment are rising quickly attributable to excessive inflation, and, not like in different industries, value will increase can't be transferred to the costs of medicines. As well as, client costs of prescription medicines have been falling for a very long time”, CEO Merja Hirvonen The pharmacist union is reminded within the press launch.
Based on Statistics Finland, total inflation already rose to 9.1 % in November, however client costs of prescribed drugs fell by 2.8 % in comparison with a yr in the past. In the identical interval, meals and non-alcoholic drinks turned costlier by as a lot as 16 %.
In medicines, the wholesale value, i.e. the pharmacy’s buy value, is determined by the pharmaceutical firm, and it's the identical for all pharmacies. Prescription medicines should be bought on the value in response to the federal government’s medication tax, i.e. their costs are the identical in all pharmacies and on-line pharmacies. Within the case of standard over-the-counter medicines, pharmacies can provide a reduction from the value in response to the drugs tax by compromising on their very own margin.
“Value regulation of medicines works to the advantage of the buyer, and particularly successfully throughout excessive inflation,” Hirvonen states.
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