{"id":652585,"date":"2017-01-15T04:14:21","date_gmt":"2017-01-15T04:14:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/15\/health-ministry-issues-new-price-increases-on-meds\/"},"modified":"2017-01-15T04:14:21","modified_gmt":"2017-01-15T04:14:21","slug":"health-ministry-issues-new-price-increases-on-meds","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/15\/health-ministry-issues-new-price-increases-on-meds\/","title":{"rendered":"Health Ministry issues new price increases on meds"},"content":{"rendered":"

<\/a> The prices of <\/strong>3,010 individual medicines<\/strong><\/a> (pdf) will rise 30-50% under new pricing formula approved by the Health Ministry. Retail prices of 15% of all domestically manufactured products and 20% of all imported products will rise under the formula, for which industry has been lobbying for months, Al Mal<\/a> reports. Domestic products in the EGP 1-50 price category will rise 50% at the counter, those in the EGP 50-100 bracket will cost 40% more, and the meds above EGP 100 per SKU will increase 30%. Meanwhile, imported products in the EGP 1-50 category will see a 50% price increase, while those costing EGP 50 or more will rise 40%. The list includes 619 products approved to treat chronic illnesses, said Health Minister Ahmed Rady. The ministry is requiring manufacturers to abide by directive 499 \u2014 which imposes profit margin minimums for pharmacies through discounts by manufacturers \u2014 and warns against stockpiling and price gouging, Al Borsa<\/a> reports. Rady has vowed to reduce med prices once FX rates stabilize<\/strong>, according to the newspaper<\/a>.<\/p>\n

The Pharmacists Syndicate<\/strong>, not happy that they were excluded from the bargaining table, decided at an emergency meeting on Saturday to file a lawsuit against the Health Minister<\/strong> over the move. The syndicate, however, voted to postpone strike it had planned for 15 January by another two weeks, according to AMAY<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The prices of 3,010 individual medicines (pdf) will rise 30-50% under new pricing formula approved by the Health Ministry. Retail prices of 15% of all domestically manufactured products and 20% of all imported products will rise under the formula, for which industry has been lobbying for months, Al Mal reports. Domestic products in the EGP […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-652585","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"76f4a927-b818-47a6-8f58-d7b83702c515","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[652576],"teaser":"","voice_url":""},"yoast_head":"\nHealth Ministry issues new price increases on meds - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/15\/health-ministry-issues-new-price-increases-on-meds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Health Ministry issues new price increases on meds\" \/>\n<meta property=\"og:description\" content=\"The prices of 3,010 individual medicines (pdf) will rise 30-50% under new pricing formula approved by the Health Ministry. Retail prices of 15% of all domestically manufactured products and 20% of all imported products will rise under the formula, for which industry has been lobbying for months, Al Mal reports. 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The increase could range between EGP 1.5 to 2, the sources estimate. As the law\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597040,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/15\/cigarette-prices-in-egypt-could-rise-in-october-on-the-back-of-a-tax-increase\/","url_meta":{"origin":652585,"position":1},"title":"Cigarette prices in Egypt could rise in October on the back of a tax increase","author":"enterpriseam admin","date":"15 July 2019","format":false,"excerpt":"EXCLUSIVE- Cigarette prices could rise in October on the back of a sin tax increase: The prices of cigarettes may climb in October after a Finance Ministry committee finalized a draft proposal which would raise the ceiling on the taxable price brackets and tack on an additional EGP 0.5 to\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/110.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":634587,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/18\/health-ministry-raises-some-meds-prices-by-up-to-50\/","url_meta":{"origin":652585,"position":2},"title":"Health Ministry raises some meds\u2019 prices by up to 50%","author":"enterpriseam admin","date":"18 January 2018","format":false,"excerpt":"The Health Ministry has raised prices of a \u201climited number\u201d of meds that were in short supply, Central Administration of Pharmaceutical Affairs President Rasha Ziada tells El Watan. A pricing committee at the ministry imposed a 10-50% increase on 30 products at the request of pharma companies, Ziada says. Prices\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":652368,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/08\/pharma-producers-reportedly-refuse-chronic-disease-treatment-classification-demand-price-increases-across-the-board\/","url_meta":{"origin":652585,"position":3},"title":"Pharma producers reportedly refuse chronic disease-treatment classification, demand price increases across the board","author":"enterpriseam admin","date":"8 January 2017","format":false,"excerpt":"International pharma producers have reportedly refused the government\u2019s proposal to only increase prices medications for non-chronic diseases, Al Mal reported. International producers have reportedly submitted the government a list of all their products, expecting their prices to increase by 20% across the board, regardless of whether or not they are\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":596721,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/07\/government-raises-fuel-prices-phasing-out-remaining-fuel-subsidies\/","url_meta":{"origin":652585,"position":4},"title":"Government raises fuel prices, phasing out remaining fuel subsidies","author":"enterpriseam admin","date":"7 July 2019","format":false,"excerpt":"Government raises fuel prices, phasing out remaining fuel subsidies: The government raised fuel prices by between 16% and 30% over the weekend as it introduced the latest round of fuel subsidy cuts, the Oil Ministry announced in a statement. The price of 95 and 92-octane rose by 16% and 18.5%,\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/5\/757.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":570413,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/31\/government-spending-on-health-education-wages-and-welfare-is-set-to-increase-in-fy2020-2021\/","url_meta":{"origin":652585,"position":5},"title":"Government spending on health, education, wages and welfare is set to increase in FY2020-2021","author":"enterpriseam admin","date":"31 March 2020","format":false,"excerpt":"Government spending on health, education, wages and welfare is set to increase in the coming fiscal year, according to highlights of the draft 2020-2021 budget released yesterday by the Finance Ministry. Our math suggests government spending will increase 9% during the year in what Finance Minister Mohamed Maait called Egypt\u2019s\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/3\/350.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/652585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=652585"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/652585\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/652576"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=652585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=652585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=652585"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=652585"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=652585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}