Re:Health insurers just published close to a trillion hospit...
by refurb on Wednesday September 07, 2022 @03:23AM
(#32747544)
Singapore doesn’t control all prices - drugs can be freely priced, but as I stated it’s changing right now.
And getting HSA approval doesn’t have anything to do with price - that regulatory. Even the FDA has to approve anything used in the US.
It is true you can’t purchase at the hospital level without some agreement on price, but the hospitals often do their own tenders, which are confidential prices. It’s not done at the national level for everything.
And yes, prices are tightening but companies are already deciding to just not market in Singapore if prices get too low.
Check out Germany, I think it was AZ that decided to just not launch a drug there at all because the price was too low.
And getting HSA approval doesn’t have anything to do with price - that regulatory. Even the FDA has to approve anything used in the US.
It is true you can’t purchase at the hospital level without some agreement on price, but the hospitals often do their own tenders, which are confidential prices. It’s not done at the national level for everything.
And yes, prices are tightening but companies are already deciding to just not market in Singapore if prices get too low.
Check out Germany, I think it was AZ that decided to just not launch a drug there at all because the price was too low.