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Germany planing to freeze drug prices

From Associated Press (April 28, 2010)

BERLIN -- An official says Chancellor Angela Merkel’s Cabinet has agreed to a plan to freeze the prices of all new medication being offered to Germans with mandatory health insurance through 2013.

The attempt to control costs has been sharply criticized by pharmaceutical companies.

Health Minister Philipp Roesler said Wednesday the cost freeze and other measures are intended to give the government time for an overhaul of Germany’s pharmaceutical market regulations.

Though the German market is already tightly regulated, prices are higher than in many other countries. In 2009 the mandatory health insurance covering about 90 percent of all Germans saw a cost increase by 5.3 percent.

It was not clear when the Cabinet decision would go to parliament for approval.


Posted: April 2010