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| Thursday, 10 August, 2000, 16:32 GMT 17:32 UK NHS drugs bill soars ![]() Generic drugs have soared in price The cost to the NHS of prescription drugs jumped by 12.5% last year to �5.29bn, according to official statistics. The rise is significantly higher than the average annual increase of about 8% over recent years. However, the number of prescriptions only rose by 3.2% to 530 million. Much of the increase is due to a sharp rise in the price of generic drugs, according to data published by the Department of Health.
Ministers recently acted to stop this trend by imposing a maximum price on a range of generic drugs. Health Minister Lord Hunt said the figures illustrated why the new rule, which took effect on August 3, was introduced. "Last year's steep increase in generic drug prices is estimated to have cost the NHS around �200m. "That is why we introduced a maximum price scheme for generic drugs and in a full year the action we have taken to control prices will reverse the effect of these increases. "We are determined to get value for money for the NHS and for patients." Examples of price increases include:
'Good news for patients' ABPI president Bill Fullagar said: "More spending by the NHS on the effective use of modern medicines should be seen as good news for the patients who need them. "And, as the Health Secretary has acknowledged, they frequently save money for the economy and the NHS in the long run through improved healthcare and reduced hospital stays." A generic medicine is a medicine which does not have a brand name. A review of the generics drugs market is being conducted by Oxford Economic Research Associates (OXERA). Its report is expected by the end of the summer. |
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