Survey reveals pharmaceutical mark-ups too high
The key finding in price analysis for individual medications showed that 30 out of the 47 pharmacies surveyed or 57 percent of the pharmacies charged higher prices for the same brand of medicine, same batch number, expiry date and same quantity.
According to the council, their survey has also shown that despite prescription medicines being under price control within the maximum percentage mark-up of 35 percent, the trade margins are much higher.
Mark-ups ranging from 95 percent to more than 400 percent were notices in the survey for several types of basic medications used by the members of the public.
Prices are much higher in the Western division when compared to the Central division and the Northern division.
According to Council Chief Executive Premila Kumar, the price variation is less in the Northern division which means there is limited competition.
In this area of survey, the council used the prescription of a pack of seven medicines for an elderly male patient suffering from diabetes, cardiovascular ailments, high blood pressure and high cholesterol.
The price of the medication came up to $44.25 in the Western division.
The percentage difference between the highest and the lowest prices for the full complement of prescribed medications in the West was 229 percent.
The lowest price for the same prescription medication was $13.45.
According to the council survey, the same trend in price difference has been noticed for the generic medication.
Meanwhile the Consumer Council said it wants the Fiji Pharmaceutical Society to strengthen its code of ethics and monitor practices in the industry.
Some of the problems noted in the council survey are pharmacies not disclosing prices of individual medicines, violation of labelling requirements for medicines set by the Ministry of Health, problems with receipts and not informing consumers on choice over the generic and originator brand medications.
There is also an allegation in the survey report of dispensing medications in wrong dosage and being involved in fraudulent sale.
Kumar said due to a lack of knowledge on medication, majority of the consumers in Fiji place complete trust in the pharmacies when they go to purchase their medicine.
She said there needs to be an effective enforcement of the laws to ensure that people are protected against unfair practices.
Story by: Vijay Narayan
Related Stories
We are committed to holding elections – Siromi Turaga
Questions were raised during Dialogue Fiji’s Constitution review discussion on whether the government can delay the general elections and complete the Constitution review however Acting Attorney General Siromi Turaga
Fijian economy on track to grow for fourth consecutive year in 2025 by 3.4%
The Fijian economy is on track to grow for the fourth consecutive year in 2025 by 3.4 percent, following a 3.5 percent expansion in 2024. The growth forecast is revised up marginally from the 3.2 percent projected
Heavy Rain Alert for Eastern Viti Levu, Southern Bua, Cakaudrove, Taveuni and maritime areas
A heavy rain alert is now in force for the eastern half of Viti Levu (Navua–Suva–Nausori to Serua–Namosi to Tailevu–Naitasiri–Ra areas), southern Bua, Cakaudrove, Taveuni and nearby smaller islands, the Lau an
We need to dismantle criminal enterprises, hitting them where it hurts most - Speaker
Speaker of Parliament, Filimone Jitoko has highlighted during the opening of the Office of the Director of Public Prosecutions Conference that there is a need for prosecutors in the country to master the digital frontie
Fiji has learned from its past and we know that restricting media engagement or access is not the answer - Tabuya
At all times, the public interest in accessing information and the media’s role in scrutinising government must outweigh any unilateral power to silence or sideline a news outlet. In Fiji, we uphold the principle that
Wailea resident raises concerns about drug issues raised countless times with Police while COMPOL says official complaint must be lodged
Wailea Settlement Community leader, Inoke Utona says he has raised the issue of drug use and dealing in their area countless times with the authorities but there has still been no response from Police. However when