Lawmakers eye bill to curb prescription drug price gouging

February 21, 2013

A bill proposed by lawmaker José María Villalta, from the Broad Front Party, aims to regulate the price of prescription drugs to avoid the big differences customers frequently find in the market.

Costa Rica has the most expensive prescription drugs in Central America, and the bill seeks to curb abuses where “prices are freely set, and where most drugs are distributed by a single company,” Villalta said.

Costa Rica’s Pharmacists Association does not oppose the bill, but said that Villalta’s proposal needs improvement.

The bill (No. 17,738) establishes the creation of a new pricing regulatory authority within the Economy Ministry, which would set prices for 25 percent of the most frequently used drugs in the country.

In December, the proposal received the approval of a Legislative Assembly commission, and it could be discussed in May if the President Laura Chinchilla includes it on a list of priority legislation for this year’s term.

You may be interested

Costa Rica at a glance: top news from the past week
The Alvarado Administration
76 views
The Alvarado Administration
76 views

Costa Rica at a glance: top news from the past week

The Tico Times - May 21, 2018

Newly inaugurated Costa Rican President Carlos Alvarado is closing in on two weeks on the job. Here are some of…

PHOTOS: International Museum Day in Costa Rica
Arts & Culture
95 views
Arts & Culture
95 views

PHOTOS: International Museum Day in Costa Rica

Mitzi Stark - May 21, 2018

May 18 is International Museum Day, and Costa Rica celebrated with 31 mini-museums all in one at the Casa del…

Costa Rica, Panama refuse to acknowledge Venezuelan election results
Latin America
124 views
Latin America
124 views

Costa Rica, Panama refuse to acknowledge Venezuelan election results

AFP - May 21, 2018

Costa Rica and Panama were two of 14 countries in the Americas to announce they would not acknowledge the results…