AZERBAIJAN: Regulation of medicine prices positive for medical insurance

The state regulation of prices for medicines in Azerbaijan will not contribute to a decline in profits for health insurance companies.

The statement was made by Orkhan Bayramov, the head of Azerbaijan Insurers Association, at a press conference on June 17 focused on the activities of Azerbaijani insurance companies from January until May.

"State regulation of drug prices will definitely have a positive impact on the health insurance because the insurance payment depends on the prices of medicines. If prices rise, then, consequently, the volume of payments rise also. Now artificially inflated prices will be prevented, which at least will not allow the health insurance to be unprofitable," he stressed.

Earlier, the Tariff Council of Azerbaijan adopted a mechanism for calculating the price of medicines. Using this new model, the Council determines wholesale and retail prices for medicines that are licensed by the state. Read the full story
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