Maximum medicines prices

It is non-negotiable that our healthcare is extremely important for us all, which also makes understanding of the costs associated with medications surely crucial.
The government has established and enforced a legal basis on pharmaceutical pricing thresholds through governmental regulation that sheds light on the maximum prices set for various medicines on the market. As pillars of public health policy, these regulations ensure fair access to essential medications while balancing the interests of patients, healthcare providers and pharmaceutical companies. In this section, you could navigate the legal landscape that governs pharmaceutical pricing and understand how government mandates shape the affordability and availability of medicines crucial to our well-being while ensuring accessibility and transparency in pharmaceutical expenses at the same time.

Whether you’re a healthcare provider, patient, or simply curious about the economics of medicine, you could gain valuable insights into how pricing regulations impact the affordability and availability of essential treatments. This is a great way to empower ourselves with knowledge for better healthcare decision-making and explore the details of maximum medicine prices.”

The Price Ordinance 1961, no 117 gives the Minister of Economic Development legal basis to establish the maximum prices for medicines since 2012. However, this ministerial Regulation was revised in 2019 applying necessary adaptations in the previous ordenance; mainly involving the allowable markup percentage for generic and brand- name drugs. It is important to note that these price regulations for medicines only applies to registered medicines categorized as prescription only (UR) and pharmacy only (UA).

The 2019 amendment sets the review of maximum prices for medicines at least quarterly. These established maximum prices are mainly intended for the importers of medicine, although it also serves as the basis for the maximum retail prices in pharmacies. Pharmacies can then add a surcharge to these prices or charge a separate prescription fee in certain cases.

Importers can apply for maximum prices on the website of www.tarievencuracao.cw. Based on the application received, the ministry of economic development will subsequently review and process the submitted requests. For a list of the current maximum prices and the publication of the various ministerial regulations , please refer to the website of tarievencuracao.cw for more detailed information.