Causes of the high cost of medicines in Colombia

Abstract

Colombian medicine prices have reached the highest ceiling in the world, according to a BBC report Colombia, is the country which has let the deregulation increased medicines prices, having as a result the High Price of them. Medicines prices in Colombia have reached three and four times more expensive than in the rest of the world; it is leaving without medical formula (support) to four million of Colombians who can’t acquire them to treat their diseases. Which are the reasons of the high cost of the products in Colombia? The most visible symptoms are: Extra-costs added by Government Taxes. The Reasons are: Public Health Deterioration, Low incoming people influence, National medicaments Monopoly, Increase, of the monopolization of the laboratories to enrichment themselves, supporting the pharmaceutical industry inside his control and he is the principal user affected, coming this way up to death after long waits in his medical treatment. Solutions: Create a regulatory entity of prices of medicines that do not interfere in lucrative profits, and handle affordable prices, Standardize the prices of most common use medicaments in the principal diseases that the company handles and from this concept to be standardizing those medicines of high cost for terminal illnesses.