Will Drug Prices in Israel Rise?
Published
The US government in Washington is deciding to sharply lower drug prices in the American domestic market. A decision like this affects a very large market, and the major companies in the pharmaceutical field, known as pharma companies, are losing part of their revenues.
According to the report, the pharma companies are demanding compensation for these losses. One of the ways they propose is to raise prices in the European continent. Prices in Europe are set differently than in the United States, so the impact of the American decision may be different.
In Israel, drug prices are strongly influenced by what happens in other countries. Generally, the pricing committee at the Ministry of Health examines prices in developed countries, including European countries, before it sets a price for a new drug or decides on a change in the price of an existing drug. Therefore, if prices in Europe rise, prices in Israel may also change in the future.
However, the information published so far is still limited. The original article raises the question of whether drug prices in Israel will soar, but it does not provide sufficient data and does not present official announcements from the Ministry of Health. Therefore, it is still unclear what will actually happen.
The topic is important to every citizen in Israel, because medications are a large part of the expenses of families and of the health maintenance organizations. In the coming weeks, it is worth following the decisions of the United States, of European countries, and of the Israeli Ministry of Health.
Sources: ice (אייס)
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