Their proposal includes the creation of a new autonomous regulatory institution, similar to the U.S. Food and Drug Administration (FDA).

As for the price of medicines, they argue that there already are existing methods to lower them, such as eliminating Value added Tax and standardization.

“The Association of Doctors (‘Colegio Médico’) believes that this entity should focus on guaranteeing drug quality and innocuousness, access to medication and the efficacy of it”.

Source: elsalvador.com

More on this topic

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From a press release issued by the Presidency of El Salvador:

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Although the bill that regulates the drug prices in Costa Rica, is based on good 'intentions', imposing maximum prices and profits for the pharmaceutical industry is not right.

So said Deputy Economy Minister Marvin Rodriguez, regarding bill 17. 738, on drug price regulation, which imposes limits on drug prices.

Regulation Causes Rise in Drug Prices

November 2011

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During Competitiveness Week 2011, the SC held a public event at which the Board's position regarding competition in the drug sector was announced.

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June 2009

The cheapest medicines are found in Nicaragua, while those in Guatemala are the most expensive.

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