Japan to lower drug prices to reduce medical costs

Nippon

17 December 2020 - Japanese Finance Minister Taro Aso and health minister Norihisa Tamura agreed Thursday to reduce state-set prices of prescription drugs if their actual costs are over 5% lower.

The price cut is expected to curb the government’s spending on medical costs by about 100 billion yen.

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Michael Wonder

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Michael Wonder

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Medicine , Regulation , Pricing , Japan