- FDA added 10 medicines to the VAT-exempt list as per the CREATE Act
- New VAT-exempt medicines include treatments for cancer, diabetes, high cholesterol, hypertension, and mental illnesses
- Certain cancer medicines, like Baricitinib tablets, were removed from the VAT-exempt list
- The aim is to make these medicines more affordable
- Health groups urge the Senate to delay amendments to the Universal Health Care Law
- Concerns raised about the impact of amendments on state health care insurance and benefits
- Proposed amendments include reducing PhilHealth premiums, which could weaken financial stability
- Health professionals emphasize the need for sustainable funding for PhilHealth’s expanded benefit packages
Source: philstar.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
