Companies / South Korea
South Korea Plans New Drug Spending Cuts
June 2006 | Company Finance AlertSouth Korea is planning a number of cost-cutting initiatives designed to reduce drug expenditure, according to local press reports. The greatest controversy is likely to be generated by plans to cut the prices of foreign-made drugs. The MoH is also considering reducing the number of drugs available for reimbursement and only paying for drugs deemed sufficiently cost-effective. The new measures are scheduled to begin in September but could face a number of
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