Legislative History
| House Bill/Resolution NO. House Bill No. 2202, 12th Congress of the Republic | |
| FULL TITLE : AN ACT REGULATING DRUG PRICES, CREATING FOR THE PURPOSE THE DRUG PRICES CONTROL BOARD, DEFINING ITS POWERS AND FUNCTIONS, AND PROVIDING FUNDS THEREFOR | |
| ABSTRACT : "Drug Prices Control Act of 200". This bill seeks to impose price controls on medicines in the Philippine in order to bring them to affordable levels. Faced with a steadily deteriorating standard of living, Filipinos today have to further contend with the grim reality of poverty everytime they suffer illnesses or meet accidents that require hospitalization or the purchase of medicines. Most often, the prices of these life-saving drugs are beyond the reach of ordinary Filipinos. > It is therefore, shocking to the sensibilities of those living in other countries to learn that from among all the countries of Asia, the Philippines has comparatively the highest prices of medicines. These prices are sometimes five times higher than those obtainiing in other Asian countries. | |
| PRINCIPAL AUTHOR/S : SUPLICO, ROLEX T. | |
| DATE FILED : 2001-08-08 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS : | |
| 1. Espino | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Amin (013 ) | 2. Soon-ruiz (013 ) |
| 3. Syjuco (014 ) | 4. Cuenco (039 ) |
| 5. Celeste (052 ) | |
| ADMINISTRATION BILL? No | |
| URGENT BILL? No | |
| COMMITTEE ACTION: jt. ref'l with Trade & Industry as per J. 53; p.16 | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON HEALTH ON 2001-08-14 | |
| SECONDARILY REFERRED TO THE COMMITTEE(S) ON TRADE AND INDUSTRY, APPROPRIATIONS |
Abstract
"Drug Prices Control Act of 200". This bill seeks to impose price controls on medicines in the Philippine in order to bring them to affordable levels. Faced with a steadily deteriorating standard of living, Filipinos today have to further contend with the grim reality of poverty everytime they suffer illnesses or meet accidents that require hospitalization or the purchase of medicines. Most often, the prices of these life-saving drugs are beyond the reach of ordinary Filipinos. > It is therefore, shocking to the sensibilities of those living in other countries to learn that from among all the countries of Asia, the Philippines has comparatively the highest prices of medicines. These prices are sometimes five times higher than those obtainiing in other Asian countries.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.