Drug prices to be reduced by 20% in next 4 years

By JPOST.COM STAFF
The Finance Ministry on Wednesday announced that over the next four years, medication prices would be reduced by 20 percent. In an agreement reached with pharmaceutical companies the ministry decided that drug prices would be equated with those in countries where the standard of living was similar to that in Israel, not to the more developed western European countries, which served as the standard thus far, Army Radio reported.