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    ‘Dismantle monopoly
    in pharmaceutical industry’
     
    By Fernan Marasigan
    Reporter
     

    SAYING that a piece of legislation could not, on its own, lower the prices of medicine, a militant legislator on Wednesday proposed a five-point legislative agenda that included the breaking up of the monopoly of large pharmaceutical companies by amending the Intellectual Property Code.

    Party-list Rep. Risa Hontiveros blamed the monopoly of large pharmaceutical companies as the culprit behind the exorbitant prices of medicines in the country.

    “We should break this monopoly. Anything less would not lower the cost of essential drugs in the country,” said Hontiveros.

    During a roundtable discussion between legislators and experts from the World Health Organization, Hontiveros expressed optimism that a bipartisan consensus would be achieved to pass measures on cheaper medicines.

    “We should not allow partisan politics, especially the 2010 presidential elections, to hostage the enactment of bills on cheaper medicines,” Hontiveros said.

    She warned that if it is true that pharmaceutical companies have a P1-billion lobby kit, then they would capitalize on disagreements between what version should be prioritized.

    Hontiveros said a package of legislation is needed to bring down the price of medicines.

    Besides the breaking up of the monopoly of large pharmaceutical companies, part of the package of legislation Hontiveros is proposing are the introduction of price control and transparency mechanisms, which should be outside the influence of pharmaceutical companies; introduction of fair-pricing mechanisms for Philhealth; and increase the bargaining power of the government with insurance for out-of-pocket expenses; review and strengthening of the Generics Act and establishment of a domestic pharmaceutical industry capable of producing active ingredients, which requires the strengthening of the Bureau of Food and Drugs; increased support for herbal medicines; and a fine chemical industry.

    “What we have so far are measures to amend the IPC, introduce fair pricing for Philhealth and price-control mechanisms. Admittedly, these measures would not immediately usher a drastic reduction in the price of medicines, but they would still improve access to essential medicines. The challenge now is to have the political will to broaden the legislative agenda for cheaper medicines and prioritize these measures,” Hontiveros said.

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