Average decline of 3.5% in maximum prescription drug prices

January 1, 2017 20:34

The maximum prices of prescription medications declined by an average of 3.5% on Sunday following a similar fall of foreign currency exchange rates and the prices of drugs that are the basis for those in Israel.

Finance Minister Moshe Kahlon said that the decline “is a direct result of the government policy to reduce the cost of living and to strengthen the health system. It occurs along with the hike in the expansion of the basket of health services to NIS 500 million this year” compared to NIS 300 million in many previous years.

Health Minister Ya’acov Litzman said he was pleased with the continued decline in prescription drug prices and stressed the importance of supervision and setting maximum prices to protect patients who need these drugs.

Meanwhile, the recommendations of the public “Basket Committee” are due to be released on Tuesday at a press conference in Jerusalem with Litzman and the chairman of the committee, Prof. Jonathan Halevy.

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