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Retailers’ Insatiable Greed Behind Costly Meds

DESPITE THE Generics Drugs Act of 1988, the cost of medicines in the Philippines had been absurdly and atrociously high all because retailers have...

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EDITORS' PICK

Retailers’ Insatiable Greed Behind Costly Meds

DESPITE THE Generics Drugs Act of 1988, the cost of medicines in the Philippines had been absurdly and atrociously high all because retailers have filled their appetites with unimaginable mark-ups to the prejudice of the indigents. By the time a medicine reaches a Filipino patient, its price has been inflated by as many as five separate markups totaling as much as 273% above what the manufacturer originally charged — before a 12% value-added tax is...

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Ticking Time Bomb

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