{"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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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":1},"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":647496,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/11\/prices-rise-20-50-on-meds-health-ministry-is-purchasing-for-public-hospitals\/","url_meta":{"origin":652585,"position":2},"title":"Prices rise 20-50% on meds Health Ministry is purchasing for public hospitals","author":"enterpriseam admin","date":"11 May 2017","format":false,"excerpt":"Prices of 980 medications the Health Ministry is purchasing in a tender to supply public hospitals have increased by a margin of 20-50%, presumably as a result of the ministry\u2019s decision in January to raise meds prices under pressure from the industry, Al Borsa reports. These price increases will not\u2026","rel":"","context":"In "Health + Education"","block_context":{"text":"Health + Education","link":"https:\/\/enterpriseam.com\/egypt\/category\/health-education\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":596731,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/07\/egypts-finmin-studies-increased-tax-rates-for-cigarettes\/","url_meta":{"origin":652585,"position":3},"title":"Egypt\u2019s FinMin studies increased tax rates for cigarettes","author":"enterpriseam admin","date":"7 July 2019","format":false,"excerpt":"EXCLUSIVE- Cigarette prices may rise soon thanks to a potential tax increase: The Finance Ministry is studying a proposal to increase the fixed tax on cigarette packs, two government sources told Enterprise over the weekend. 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":627944,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/19\/government-hikes-fuel-prices-by-c-50\/","url_meta":{"origin":652585,"position":4},"title":"Government hikes fuel prices by c. 50%","author":"enterpriseam admin","date":"19 June 2018","format":false,"excerpt":"Fuel price hikes came into effect over the long weekend: The government raised the price of fuel products by c. 50%, according to a detailed price list put out by the Oil Ministry. The subsidy cuts were necessary to save the FY2018-19 budget around EGP 90 bn in fuel subsidy\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":630076,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/11\/power-prices-could-rise-by-as-much-as-45-in-july-for-top-tier-consumers-sources\/","url_meta":{"origin":652585,"position":5},"title":"Power prices could rise by as much as 45% in July for top-tier consumers -sources","author":"enterpriseam admin","date":"11 April 2018","format":false,"excerpt":"Power prices could rise by as much as 45% in July for highest-bracket consumers: The Egyptian Electricity Utility and Consumer Protection Agency (Egyptera) has reportedly finished drafting a new formula for power prices that are set to come into effect in July, Electricity Ministry sources tell Al Shorouk. The new\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":[]}],"_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}]}}