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Possibility of passing the drug price reduction Act

By Kim, Jin-Gu | translator Kim, Jung-Ju

23.03.16 12:05:25

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Violation of the constitutional right to appeal



A sense of crisis in the biopharmaceutical industry is rising as the possibility of passing the 'drug price reduction/refund bill' in the plenary session of the National Assembly is increasing. The pharmaceutical industry is concerned that the amendment will infringe on the right to request a trial as stipulated in the Constitution, and furthermore, it will damage the domestic pharmaceutical and bio-industry as a whole. According to the pharmaceutical industry on the 16th, the revision of the National Health Insurance Act, the so-called Drug Price Reduction and Refund Act, proposed by Rep. Kim Won-i and Nam In-soon, respectively, will be decided at the National Assembly plenary session this month at the earliest. Acc

Kim, Jin-Gu(kjg@dailypharm.com)
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