Association between medicine Price declaration by pharmaceutical industries and retail prices in Malaysia's private healthcare sector.

ABSTRACT:

Background

As part of the initiatives to increase price transparency for consumers, pharmaceutical industry in Malaysia have been encouraged to declare the wholesale and recommended retail prices (RRP) of medicines to the Pharmaceutical Service Department (PSD) yearly. However, the relationship between the voluntary price reporting practices and consumers' retail medicine price is unknown. Therefore, this study aims to evaluate the effect of the voluntary price reporting practice of pharmaceutical industry on retail medicine prices, factors that may affect consumer medicine prices in Malaysia's private healthcare sector, and the retail medicine pricing trend over 2011-2015.

Methods

A yearly correlation test for a 5-year period was performed to investigate the association bet

SUBMITTER: Ahmad NS 

PROVIDER: S-EPMC6607540 | biostudies-literature | 2019

REPOSITORIES: biostudies-literature