PUTRAJAYA: The government is committed to fostering transparency in medicine pricing, giving consumers the right to make informed choices and compare prices, says Health Minister Datuk Seri Dr Dzulkefly Ahmad.
He said his ministry was focusing on providing clear and comprehensive information to buyers, clients and users.
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"Yes, from this angle, we are now looking into it. We have not made any decision yet, but what's crucial is our commitment to transparency in prices.
"The ability to compare prices is essential for consumers, and we are actively working towards that goal," he said after his 2024 mandate speech at the ministry on Friday (Jan 26).
Dr Dzulkefly noted that the government wants a system that allows buyers to access price transparency and compare prices effectively.
As reports of increasing pharmaceutical drug prices emerge in the United States, Malaysia may soon face similar challenges.
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According to Malaysian Pharmacists Society (MPS) president Prof Amrahi Buang, if drug manufacturers raise prices in the United States, prices of medicines imported from that country could rise here by 5% to 10%.
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"Since more than half of our drugs are imported, we can expect prices to increase, usually twice a year, depending on the extent," he said.
Federation of Private Medical Practitioners Associations Malaysia president Dr Shanmuganathan Ganeson said the price of pharmaceutical drugs and all essential goods would continue to increase.
“This is due to the rising input costs worldwide, such as raw materials, labour, energy and taxes. Malaysia, in particular, will see an increase with the increase of service tax (from 6% to 8%), particularly logistics, starting this year,” he said.
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On another matter, when asked about a possible increase in Covid-19 infections during the upcoming Chinese New Year celebrations, Dr Dzulkefly urged the public not to panic.
He emphasised the importance of staying vigilant and following preventive measures.
"We don't need to panic but be cautious and continue to practise the standard operating procedures (SOPs) that have become routine.
"Those having a cough should wear a face mask," he added.
