Should drug prices be regulated or decided by competition?


The Health Ministry hopes to come up with a comprehensive medicine price list by next year. — AFP

The debate rages on about how to put in place a price control mechanism to regulate drug prices to make medicines more affordable for Malaysians. Malaysia’s pharmaceutical market is dominated by prescription drugs that account for approximately 60% of the pharmaceutical market share by value.

As there is no price control mechanism for pharmaceuticals in Malaysia, drug prices are not regulated and it is left to market forces to determine the prices.

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