Sunday , November 24 2024
Home / le News / Swiss government cuts drug prices by 100 million francs

Swiss government cuts drug prices by 100 million francs

Summary:
Switzerland’s Federal Office of Public Health (FOPH) recently announced it had reduced the price Swiss healthcare providers and patients will pay for 257 drugs by 16.3%. © Tero Vesalainen Dreamstime.comThese lower prices, which take affect on 1 December 2019, are expected to save CHF 100 million annually. The FOPH looked at the prices of 478 drugs and achieved price reductions on 257 (54%) of them. The government has promised to cut healthcare costs via a range of measures including improved negotiations with healthcare providers, reference prices for generic drugs and greater price transparency.  Swiss healthcare is expensive and most of it is paid directly by individuals (69%). Only the US has a more expensive healthcare system, according to Switzerland’s Federal

Topics:
Investec considers the following as important: , , ,

This could be interesting, too:

Investec writes Swiss to vote on tenancy laws this weekend

Investec writes Switzerland ranked second in digital competitiveness

Investec writes Swiss wages set to rise in 2025

Investec writes Federal Council hopes to boost savings with pension change

Switzerland’s Federal Office of Public Health (FOPH) recently announced it had reduced the price Swiss healthcare providers and patients will pay for 257 drugs by 16.3%.

Swiss government cuts drug prices by 100 million francs
© Tero Vesalainen Dreamstime.com

These lower prices, which take affect on 1 December 2019, are expected to save CHF 100 million annually.

The FOPH looked at the prices of 478 drugs and achieved price reductions on 257 (54%) of them.

The government has promised to cut healthcare costs via a range of measures including improved negotiations with healthcare providers, reference prices for generic drugs and greater price transparency. 

Swiss healthcare is expensive and most of it is paid directly by individuals (69%). Only the US has a more expensive healthcare system, according to Switzerland’s Federal Statistical Office.

More on this:
Government press release (in French) – Take a 5 minute French test now

For more stories like this on Switzerland follow us on Facebook and Twitter.

About Investec
Investec
Investec is a distinctive Specialist Bank and Asset Manager. We provide a diverse range of financial products and services to our niche client base.

Leave a Reply

Your email address will not be published. Required fields are marked *