Brazil Ends Tax for Over 1000 Drugs

Brazilian President Luiz Inácio Lula da Silva signed May 19 a decree that exempts over one thousand medications from tax, which will contribute for a reduction of approximately 11% on final drugstore prices.

The measure was announced in São Paulo by the Minister of Health, Humberto Costa. According to him, this is another initiative by the Brazilian government to increase population’s access to medications.


The exemption includes 60 types of drugs, among them, antidepressant, hypertension, birth control, diabetes, anti-inflammatory, and antiretroviral. Patients under treatment for Hepatitis B and C will also benefit from the measure.


In order to lower prices of medicine, Brazil has also plans to allow the sale of smaller amounts of medicine than the whole bottle.


The chief benefit foreseen by the government and sectors of society that support the fractionalized sale of medications proposed by the National Sanitary Protection Agency (Anvisa) is the cost savings to the population, which will be able to purchase the exact amount indicated in the prescription. 


Another potential benefit of fractionalized sales is to reduce the possibility of self-medication, a problem due mainly to leftover medicines.


The Anvisa estimates that 20% of medicines go to waste in Brazilian hospitals. Data from the Brazilian Federation of the Pharmaceutical Industry (Febrafarma) show that earnings in this sector amounted to US$ 7.7 billion (19.8 billion reais) last year.


That means that the country wastes around US$ 1.5 billion (4 billion reais) each year. The State alone, which buys 25% of all remedies that are sold, could save US$ 390 million (1 billion reais).


Remedies that come in the form of vials, ampoules, and pills, for example, can be fractionalized. To purchase a fractionalized remedy, consumers should present the doctor’s or dentist’s prescription, which will be returned stamped and signed by the pharmacist with a declaration that the medication was delivered. Fractionalized medicine should be accompanied by a set of directions for each patient.


ABr

Tags:

  • Show Comments (1)

  • h.mohammadi

    drug
    Dear Sir

    We are an agent& supplier of all kinds of pharmaceutical drugs from Iran.
    We can supply you or your clients any requested medicine with international Generic.
    Standards and competitive prices. We also can supply you medical and surgical instruments, if you deem that we can go ahead our cooperation with your esteemed company ,please ,do not hesitate to drop us an email.
    Regards
    H.Mohammadi
    The:+9821-88965971
    Fax:+9821-88956470
    mohammadi@namico.ir

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Against All Hope, Brazil and US Push for Global Trade Agreement This Year

Brazil and the United States still believe it’s possible to salvage global trade liberalization ...

Pirated goods are a serious problem in Brazil

Brazil Charged with Leading a World Gang of Intellectual Property Predators

American trade and regulatory expert Lawrence Kogan, in a new University of Miami Inter-American ...

Paraguay Gets a Hand from Brazil’s Electoral Expertise

Paraguay’s electoral process will enjoy a major boost, thanks to an agreement the Organization ...

Brazil’s Small Ambition: 1% of the World’s Garment Trade

Brazilian clothing exports should grow only 3% this year, due to the heavy depreciation ...

Brazil’s Lula Pans Those Who Are Betting on His Failure

Brazil’s government will not alter the country’s direction on account of the 2006 elections. ...

After Rome, a Tour of Africa for Brazil’s Lula

Brazilian President Luiz Inácio Lula da Silva attended, this morning in Rome, the funeral ...

Brazil Very Active at First Meeting of UN’s Human Rights Council

Brazil’s Minister of Foreign Relations, Celso Amorim, is participating today, June 19, in the ...

All Signed for Brazil to Start Getting US$ 10 Billion Chinese Loan

Petrobras, the Brazilian state-controlled oil and gas multinational, informed that it has signed a ...

Brazil Estimates 12% Bigger Harvest for 2005

The Brazilian Institute of Geography and Statistics’ (IBGE) first estimate for the 2005 agricultural ...

Brazil’s Underpayment of Energy Is Strangling Paraguay

Fernando Lugo, Paraguay's President elect and Uruguayan President Tabare Vazquez agreed to work jointly ...