China considering lifting price caps on medicines
China may lift the caps on the cost of medicines, according to a draft proposal. The National Development and Reform Commission is considering ending price caps on most drugs from January 1, and have prices set by health insurance departments, existing tendering processes and stakeholder negotiations.
The goal is to “cancel government-set prices on drugs, and through insurance price controls and the tendering process, allow the actual transaction price of drugs to be set by market competition.”
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