Kuwait has cut the price of more than 200 drugs in the private sector by up to 60 per cent.
Kuwaiti Minister of Health Ahmad Al Awadhi has approved the price cuts of 209 drugs and products in the private health sector as part of the ministry’s periodical medicine price review.
The move, which involves the price reduction of diabetes and blood pressure drugs, antibiotics and cholesterol-lowering drugs and other vital products, is based on the ministry’s medicine quotation committee, the ministry said.
Kuwait cuts drugs costs
It is chiefly meant to ensure equilibrium between making drugs at reasonable prices and buttressing the national medicine industry, it said, adding that some drugs have been reduced by 60 per cent.
The fresh decision will be effective three months after being published in the country’s Official Gazette, thus giving the private health sector enough time to implement the decided price cuts.
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