US EditionHungary Introduces Voluntary Price Cap on Medicines to Curb Inflation
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5 Articles
After banks, telecommunications companies and insurance companies, players in the pharmaceutical sector are also voluntarily limiting prices for 34 high-volume over-the-counter, non-prescription and 10 prescription, non-subsidized medicines.
Price reductions for medicines have come into effect - The ministry had previously reached an agreement with manufacturers, wholesalers and pharmacies.
It was worth introducing margin reduction, and it is worth continuously fighting to ensure that Hungarian families and pensioners can access the products that are most important to them at a lower price, said Róbert Zsigó, Parliamentary State Secretary of the Ministry of Culture and Innovation. It has been proven that there were indeed excessive and unjustified price increases for food and drugstore products as well.
The price of more than 40 medicine products is lower from today in Hungary, price-monitoring extended
Voluntary price restrictions on a range of medicines entered force on Tuesday, the National Economy Ministry said in a statement. The ministry noted that pharmaceutical industry players had earlier agreed to roll back the prices of a number of popular medicines to end-2024 levels and freeze them until the end of June 2026. The measure followed negotiations between pharma associations and the government on countering “unjustified” price increases…
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