AD calls for for price transparency on medicines

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AD calls for for price transparency in medicinesAlternattiva Demokratika is calling on the government to regularly publish comparative lists of prices of sensitive products like medicines through which the consumer can see the difference between prices in Malta and prices in other EU countries.

Richard Schranz, AD spokesperson for Consumer Rights, said, “This should be one of the tasks of the newly set up consumer agency proposed in the last budget. The government should also ask importers to account for any unjustified discrepancies between prices in Malta and other EU countries. In cases where no credible justification is offered, AD calls on the government to take remedial action to ensure fair pricing.”

“In a small country with a very restricted market and a limited number of importers, the government is more than justified to intervene to ensure fair competition and fair pricing for consumers. In the medicine sector where people’s lives and well-being are at stake, the government should consider other avenues for importation such as the creation of a non-profit cooperative set up for the purpose of importing generic medicines with a minimum mark up on prices for cost recovery.”

“Medicines are an essential good and an integral part of the health service and should therefore be available and accessible to all, even to those who can’t afford them,” added Richard Schranz.

Other measures which could be considered are:

* in-depth study of prescription practises by doctors and whether the common name of particular medicines should be prescribed with the choice of brand left to the consumer

* exploration of the possibility of government cooperating with the locally based generic drug manufacturing industry with a view to developing off-patent medicines for government medicine schemes, benefitting local jobs with long term agreements keeping prices stable.

Michael Briguglio, AD Chairperson, added, “AD also favours measures encouraging greater transparency in pricing of goods sold in the Maltese market through adequate price marking not just in retail outlets but also in the banking sector where charges should be clearly identified to the consumer on the bank’s website and on information leaflets.”

“In the agricultural sector it is intolerable that prices deviate substantially from the price offered to farmers. In this sense we reiterate our proposal for the organisation of farmers’ markets in which producers can sell directly to the consumer.”

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