Costa Rica: Proposal to Regulate Drug Market

A bill proposes creating a Regulatory Office to control the prices of the most widely used medicines.

Tuesday, February 19, 2013

The legislator behind the bill argues that there is a de facto monopoly in the drug market, which must be removed for prices to go down, which in his opinion are kept artificially high.

Crhoy.com reports that Congressman José María Villalta said the initiative will be discussed in May at the legislative plenary.

Villalta said that "the bill has been reported on by the Special Legislative Commission that investigated the financial crisis of the CCSS and now we just have to wait for it to be discussed in the Legislative Assembly."

The deputy also noted that "the project has attracted strong opposition from distributors of medicines in the country and that many have been "lobbying" some of the deputies or have sent them letters to try and convince them not to approve the project."



More on this topic

Medications: Regulations Contradict Law

March 2013

Pharmaceutical unions in El Salvador have denounced the regulations determining maximum pricing as being contradictory to the Medicines Act

Elsalvador.com reports that the legal counsel for Fedefarma y Diprofa, Luis Chávez, explained that the pricing for drugs is based on the active ingredient and not on each product: "This is the same as me asking for a point of law establishing a price ceiling on mobile phones.

Drug Price Adjustments in El Salvador

January 2013

Authorities announced that all regulated sales of drugs will likely experience a progressive reduction in prices, which by law must adjust to international averages.

The review article in Diariocolatino.com Coto statements José Vicente, director of Medicines, on the effective date of the regulation of drug prices.

Drug Prices Regulation Project Questioned

November 2012

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.

Medicines Prices in Electoral Campaign

February 2012

Salvadoran parties are wooing voters with promises to pass legislation that will lower the costs of medicines.

Political parties in El Salvador have included promises of cheaper drugs in their campaigns for the municipal elections of March 11th , waving the banner of passing a law whose discussion has been going on in Congress for a decade.

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