Medicine prices could come down by 8-10 per cent from January 1, 2015, in line with recommendations contained in a recent World Health Organisation (WHO) report, Health Minister Phillipos Patsalis said on Tuesday.
Speaking on Radio Proto, Patsalis said decisions towards that end would be taken in the next month in consultation with stakeholders. The price reduction would be part of the first steps in overhauling the health service and creating an NHS, he said.
“We are working around the clock to implement it in 16 months instead of four years, beginning in January with cheaper drugs,” he said. “We can do it and we have no choice. We must succeed and we will succeed,” he added.
Patsalis said the next few months would be very important in the sense that two key bills would need to be prepared for implementation of the NHS, and they would need to be passed by the House by November 30.
“This is a huge job that will be the basis for the rest,” he said.