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Easy cuts, easy rebound: Drug expenditures with massive price cuts in Korea

Hye-Young Kwon, Seungjin Bae, Sang-eun Choi, Sylvia Park, Eui-Kyung Lee, Sungmin Park and Jinhyun Kim

Health Policy, 2019, vol. 123, issue 4, 388-392

Abstract: Since 2012, the Korean government has introduced 46.5% price cut for off-patent medicines in order to reign everescalating drug expenditure. This study sought to appraise the impact of the price cut measure (in the context of Korean National Health Insurance system).

Keywords: Price cuts; Equal medicine pricing; Drug expenditures; Demandside measures; Korea (search for similar items in EconPapers)
Date: 2019
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DOI: 10.1016/j.healthpol.2018.11.002

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