Prescribed medication prices reduced

Drugs won't cost more than the lowest price of the drug in EU countries.

May 31, 2006 17:55
1 minute read.
Prescribed medication prices reduced

drugs 88. (photo credit: )


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analysis from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief


The Health and Finance Ministries have reduced the prices of all prescription medications in the basket of health services by 10 percent by comparing them with those of Portugal, Spain and Hungary rather than those of Holland, Britain, France, Germany and Belgium, which have higher standards of living and thus higher drug costs. Drugs that are in the basket of health services - supplied by the health funds with state subsidies - will immediately cost 10 percent less. The cost of drugs that are not in the basket will be reduced gradually by 10% over the next four years. Over-the-counter medications for which there is no prescription are not affected. In some of the health funds, members pay a set fee for a dose of drugs; the cheapest medications for which the minimum payment is made will not be even cheaper, ,The Jerusalem Post has learned. The 10% reduction will, however, be felt by health fund members charged a percentage of the cost of each drug instead of a set fee. According to this new model, drugs that are in the future added to the basket will not cost more than the lowest price of the drug in countries that are members of the European Union. Health Minister Ya'acov Ben-Yizri said on Wednesday that the move would help reduce the medication expenses of all Israelis. He credited his predecessor, Minister Ya'acov Edri, with beginning the work on changing the formula in negotiations with the Treasury and the umbrella organization of pharmaceutical companies selling their products in Israel. Finance Minister Avraham Hirchson congratulated Health and Finance Ministry officials on their efforts to bring about a reduction in drug prices in negotiations with the pharmaceutical companies.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Jisr az-Zarq
April 3, 2014
Residents of Jisr az-Zarqa beckon Israel Trail hikers to enjoy their town