National News

Max Retail Prices of Medicines Revealed

Just recently, President Rodrigo Duterte has signed Executive Order No. 104, elaborating the Maximum Retail Price (MRP) and Maximum Whole Price (MWP) on certain medications. Executive Order No. 104 reads ‘improving access to healthcare through the regulation of prices in the retail of drugs and medicines’.

The MRP of medications included in the Executive Order shall be imposed on all outlets, may it be public or private. This also includes hospitals, hospital pharmacies, health maintenance organizations, convenience stores, and supermarkets. Moreover, the MWP of medications that be imposed on all manufacturers, wholesalers, traders, distributors, to mention a few.

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