Health Ministry Considers Medicine Price Control
Author Avatar


Health Ministry Considers Medicine Price Control

Medicines in Malaysia are not price controlled. As pointed out by Deputy Health Minister Dr Lee Boon Chye, this has led to the price of medicines increasing every year, which in turn affects the affordability of healthcare. According to Dr Lee, the Health Ministry will address this by looking into a price control mechanism for medicines.

“We will discuss this with the Ministry of Domestic Trade and Consumer Affairs for urgent attention although there are many aspects and factors that need to be considered and scrutinised beforehand,” said Dr Lee, after visiting the Pharmacy Services Programme under the Pharmaceutical Services Division of the Health Ministry today.

Earlier on 6 July, Health Minister Dr Dzulkefly Ahmad also said that the Health Ministry intended to address the issue of the government not currently having any power under the law to regulate the prices of drugs supplied in the private sector.

Dr Dzulkefly was asked if the government was planning to regulate the prices of drugs following calls by the Malaysian Pharmaceutical Society (MPS) and Third World Network for the government to regulate the prices of drugs. The two bodies made the requests following claims that the prices of medical supplies were being monopolised by high-ranking parties and international pharmaceutical parties.

In response, Dr Zulkelfly said to “wait for the Pharmacy Bill.” This Bill, which was first proposed by the previous government, would likely require further deliberation by the new Health Minister before it is tabled in Parliament.

(Source: New Straits Times)


0 0 votes
Article Rating


Comments (0)

Notify of
Inline Feedbacks
View all comments
Top Personal Finance News Articles
Post Image
Petrol Price Malaysia Live Updates (RON95, RON97 & Diesel)
The RinggitPlus Team
- 29th June 2022
We provide weekly updates on every Friday at 5pm on the prices of RON95, RON97 and Diesel in Malaysia and a chart that shows the movement of fuel prices across a 6-week period. Bookmark this page now!
Post Image
Astro 4K Ultra HD Broadcast To Be Available For Subscription By The End of This Year
Brian Chung
- 14th August 2018
By the end of 2018, Astro customers will be able to watch football matches in Ultra HD. Read on to know more about the 4k Ultra HD service.
Post Image
Touch n Go RFID: What Malaysian Road Users Need To Know
Jacie Tan
- 10th August 2018
Everyone’s talking about Touch ’n Go RFID being used at Malaysian highway tolls soon – here’s what you need to know about it.
Post Image
Best High Interest Savings Accounts In Malaysia (May 2022)
Pang Tun Yau
- 31st May 2022
Make your money work for you by depositing them into the best high-interest savings accounts in Malaysia!

Related articles

Related Posts Image
Related Posts Image
Related Posts Image
Related Posts Image