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THE
Senate, setting aside ongoing inquiries into
administration anomalies, opens simultaneous hearings
this morning on Malacañang-certified urgent bills,
including the proposed 2008 national budget and a
long-awaited legislation amending patent laws to lower
medicine prices.
Executive officials sitting in the Budget Coordinating
Council, led by Finance Secretary Margarito Teves and
Budget Secretary Rolando Andaya, are set to brief
members of the Finance Committee, chaired by Senator
Juan Ponce Enrile, on the P1.3- trillion budget bill the
Palace earlier submitted for Congress approval.
The
budget briefings are being held in lieu of formal
hearings because the Senate, technically, has to wait
first for the approval of the money measure in the House
of Representatives where, under the constitution, all
appropriations bills must
originate.
At the
same time, the Trade and Commerce Committee of Sen. Mar
Roxas will open hearings on bills seeking to lower
prices of medicine in the country jointly with the
Committee on Health and Demography chaired by Sen. Pia
Cayetano-Sebastian.
In a
statement over the weekend, Senator Roxas announced that
the two committees would hold weekly hearings “until
these [affordable medicine] bills are enacted into law.”
Roxas
indicated a bipartisan consensus in Congress to correct
huge discrepancies between local prices of drugs and
those sold in other countries, particularly patented
drugs for diseases that affect majority of Filipinos.
For
instance, the senator cited the rising incidence of
diabetes worldwide, which has also afflicted some three
million Filipinos.
“Aside
from this, there are eight million prediabetics with
dangerously high blood-sugar levels,” he added.
Roxas
pointed out how a common maintenance drug for diabetes,
Daonil, costs P9.86 locally for a 5-mg tablet, which is
taken twice a day. The same tablet, he noted, could be
bought from India for less than one peso, or just 80
centavos.
“That
means very big savings; almost P10 per tablet, or P20 a
day for our diabetics,” he said.
Later in
the day, the Senate Committees on Economic Affairs and
on Banks and Financial Institutions, chaired by Sens.
Loren Legarda and Edgardo Angara, respectively, will
also hold a joint hearing on at least four related bills
amending the Magna Carta for Small Enterprises to
promote entrepreneurship by strengthening development
and assistance programs to micro-small-and medium-scale
enterprises. |