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New reports find UK medicine costs firmly under control

25 Oct 12

According to NICE, Two new reports published this week have found that medicine prices in the UK are firmly under control. The first, published today by OHE Consulting for the ABPI, has shown that UK branded medicine prices continue to be amongst the lowest of developed nations.

The report, International Comparisons of Medicine Prices: 2011, compared the prices of medicines in 13 different countries in 2011, using the most up-to-date data and employing the same methods as past DH analysis of global medicines prices. Even after smoothing out exchange rates for year-by-year volatility, the UK was still found to be in the bottom third of prices.

Another report published this week, the Department of Health annual report and accounts for 2011 to 2012, has found that the cost of prescribing medicines fell by 0.4 per cent in the last year to £8.3 billion, whilst the volume of medicines actually increased by 3.9 per cent. This demonstrates the value the Department of Health is getting from medicines even as the cost of primary healthcare rose 1.2 per cent.

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