Georgia to introduce referential pricing system for medicines
Georgia will introduce a system of reference pricing for medicines in early 2023.
Nana Shashiashvili, representative of the Regulating Agency for Medical and Pharmaceutical Activities of the Ministry of Health of Georgia, announced this.
Reference pricing implies a ban on the import and distribution of medicines at a price higher than the established bar. Pricing takes place according to a certain formula based on comparison with other countries.
At the first stage, in Georgia, they plan to regulate the prices of drugs that citizens receive under the state program, these are drugs used by patients with chronic and oncological diseases.
«With the introduction of reference prices, the availability of medicines will increase and the costs of the state and consumers will decrease. This system has been implemented in EU and non-EU countries and they have saved a significant amount of money. For example, in the third year after the introduction of reference prices in Turkey, Turkey saved 1 billion dollars», — said Shashiashvili.
According to her, Georgia has not yet determined the list of reference countries. At the same time, she explained that "the choice depends on several indicators, including territorial proximity, socio-economic background".
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Georgia to introduce referential pricing system for medicines
Georgia will introduce a system of reference pricing for medicines in early 2023.
Nana Shashiashvili, representative of the Regulating Agency for Medical and Pharmaceutical Activities of the Ministry of Health of Georgia, announced this.
Reference pricing implies a ban on the import and distribution of medicines at a price higher than the established bar. Pricing takes place according to a certain formula based on comparison with other countries.
At the first stage, in Georgia, they plan to regulate the prices of drugs that citizens receive under the state program, these are drugs used by patients with chronic and oncological diseases.
«With the introduction of reference prices, the availability of medicines will increase and the costs of the state and consumers will decrease. This system has been implemented in EU and non-EU countries and they have saved a significant amount of money. For example, in the third year after the introduction of reference prices in Turkey, Turkey saved 1 billion dollars», — said Shashiashvili.
According to her, Georgia has not yet determined the list of reference countries. At the same time, she explained that "the choice depends on several indicators, including territorial proximity, socio-economic background".
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