Pres. Duterte says he will sign EO lowering prices of life-saving medicines

Pres. Duterte says he will sign EO lowering prices of life-saving medicines

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.

(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 told former House of Representative and now DzMM broadcaster Ted Failon in an exclusive interview.

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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