Government Increases Efforts in Giving Residents Better Access to Commonly Used Medicines
The government has created a multi department effort in introducing to the public a better access to most commonly used medications at very low prices. Eight government departments which includes the China Food and Drug Administration, the National Health and Family Planning Commission, the National Development and Reform Commission and lastly the Ministry of Finance already given out notices on how to secure a supply of the most commonly used low priced drugs.
A list of drugs will be released and publicized before June, and producers of these drugs are entitled to the right of pricing based on production costs and the market situations. The plan to introduce low priced drugs came after a series of shortages of commonly used and low priced medication was seen. Last year, Tapazole a low priced medication used by people suffering from hyperthyroidism complained that they are having difficulty buying the medicine.
The shortage of the medication was due to the issues caused by the essential drug system of the country. The system was introduced in 2009 as measures in the series of medical reforms in which the system controls the pricing of around 500 types of medications to ensure that the public will have access to high quality and affordable medications. But these prices cuts into company profits forcing companies to stop producing these commonly used drugs.
Based on the new system producers of the listed drugs will now enjoy more freedom in pricing their medication based on real situations such as costing and market demand. This approach along with regular supply and a price surveillance system will eventually lead to introduction of new, better and cheap high quality drugs while removing others.