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Minister of Health Announces Plan to Lower Medicine Prices within Three Weeks

In an effort to provide relief to patients, the Minister of Health, Keheliya Rambukwella, has revealed that comprehensive measures are underway to decrease the cost of medicines in Sri Lanka over the next three weeks. The minister expressed his directive to health authorities to promptly implement strategies that leverage the strengthening of the Sri Lankan Rupee against the US dollar, ensuring tangible benefits for patients.

Minister Rambukwella emphasized that plans have been put in motion to achieve a substantial reduction of 10 to 15 percent in medicine prices. Acknowledging the significance of this initiative, officials from the Price Control Unit of the National Medicines Regulatory Authority (NMRA) are scheduled to convene on Wednesday (17) to discuss the matter.

The Price Control Unit, responsible for overseeing drug pricing regulations, will diligently analyze the data on the depreciation of the dollar. Following their assessment, they will compile a comprehensive report to be presented to the Health Minister, outlining the proposed revision of drug prices.

By addressing the affordability of medicines, the Ministry of Health aims to alleviate the financial burden on patients and ensure equitable access to essential healthcare. The proposed reduction in medicine prices is anticipated to have a positive impact on the healthcare sector and improve the overall well-being of the Sri Lankan population.

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