Fiji Time: 8:43 AM on Sunday 1 May

Fiji Times Logo

/ Front page / News

Price cut for 75

Ropate Valemei
Sunday, July 20, 2014

THE country's price regulating body reviewed prices of 75 essential pharmaceutical products with prices becoming effective from Tuesday.

Fiji Commerce Commission has laid out under the Commerce (Price Control) (Percentage Control of Prices for Food Items) Order 2012, the determined and fixed maximum retail prices and maximum wholesale prices for the 75 products.

Commission chairman Dr Mahendra Reddy said improving health was critical to human welfare and essential for sustained economic and social development.

"Modern pharmaceutical products and vaccines have revolutionised health care, but budget constraints and poor infrastructure have prevented hundreds of millions in developing countries like Fiji from accessing even basic essential drugs.

"Consumers having to pay a high price at the point of delivery are discouraged from using services (particularly health promotions and prevention); thus postponing health checks.

"This means they do not receive treatment at an early stage or at a stage when the prospects for cure are better."

He said catastrophic health spending was not necessarily caused by high-cost medical procedures or one single expensive event.

For many households, Dr Reddy said relatively small payments could also result in a financial catastrophe.

Not only do out-of-pocket payments deter people from using health services and cause financial stress, he said they also caused inefficiency and inequity in the way resources were used.

Dr Reddy said the commission would closely monitor the market to ensure that the items were always made available in the market and that the prices of the non-controlled items were not unjustifiably inflated.

"The pharmacists and other staff members working at the retail end must ensure that consumer are always advised about the availability of the price controlled items to enable them to make an informed decision."








Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Westpac
Code Inward TTs Outward TTs
CAD 0.61350.5945
JPY 53.471650.4716
GBP 0.33380.3258
EUR 0.43020.4182
NZD 0.70870.6757
CAD 0.61210.5931
JPY 54.771751.7717

from

$0.00

Exchange Rate updated on 28th April 2016

Today's Most Read Stories

  1. Locked in freezer
  2. PM rejects holiday bid
  3. Rakete cries for Koro
  4. Devi thankful
  5. Doctor robbed by masked men
  6. State will not rebuild churches
  7. 'True democracy' and cost of credit
  8. Four people hospitalised after early morning accident
  9. Men in critical condition after accident
  10. Fijian peacekeepers serving in Sinai safe

Top Stories this Week

  1. Horror crash relived Wednesday (27 Apr)
  2. Shoeshine boy makes it big Monday (25 Apr)
  3. Horrific crash kills 1 Monday (25 Apr)
  4. Teacher fears for safety Tuesday (26 Apr)
  5. Overstay Monday (25 Apr)
  6. Father farewells son Wednesday (27 Apr)
  7. Try night fasting, doctor urges Monday (25 Apr)
  8. Horror car crash claims man's life Sunday (24 Apr)
  9. 'Ridiculous change' Tuesday (26 Apr)
  10. 7s eligibility Wednesday (27 Apr)