The President is set
to sign another Executive Order that will greatly affect millions of Filipinos.
President Rodrigo
Roa Duterte is set to sign the proposed executive order that would greatly
lower the prices of more than a hundred life-saving medicines, it is touted to
benefit the public.
The Department of
Health (DOH) has been lobbying for an EO that would cut the prices of 122 medicinal
drugs by half, noting that Filipinos are spending more on medicines compared to
their neighbors in the region.
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| (photo credit to owner) |
As early as now,
pharmaceutical industry is opposing the move to implement price regulation,
saying such a move at this point will bring about the closure of small and
medium-sized drug stores.
Medicines that may
be covered by the price regulation include those that treat cancer, diabetes,
hypertension, cardiovascular disease, neonatal diseases and chronic lung
diseases.
"I will sign it
(proposed EO). That's good for the Filipino, reduced prices or maintaining a
price, I will even sign the document twice over," President Duterte
The Chief Executive
said to Failon that concern agencies are still studying the proposed order.
"Maybe they are
reviewing it. If it's on my table, I would read it at night. I have not come
across any. I heard of it but hard facts are not yet there. But in principle, I
will even sign it twice over," he said.
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Report from PhilStar
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