By way of the Extraordinary Gazette published on June 15, 2023 by Minister of Health Keheliya Rambukwella, the costs of a number of medications have been updated.
Accordingly, 60 different types of drugs have had their prices slashed by 16%, according the relevant gazette, and this change will take effect right now.
According to the Ministry of Health, no producer or importer is permitted to charge a price for any type of drug that is named in the relevant Extraordinary Gazette that is higher than the maximum retail price that is listed in the Gazette.
According to the relevant Extraordinary Gazette, every trader, distributor, pharmacist, medical professional, dentist, veterinary surgeon, medical facility, including a private medical facility, pharmacy, or person who or which is in possession of the Scheduled Medicines for the purpose of sale shall maintain the price of the Scheduled Medicines at the maximum retail price or revised retail price, whichever is less.
As a result, the costs of 60 different types of necessary medications, including paracetamol, amoxicillin, aspirin, thyroxine, and glipizide, have decreased as of today.
The Government Medical Officers’ Association (GMOA) contends that more revisions to drug prices are necessary in order to provide the general people a break from recent increases in drug costs.
