A coalition of MPs and health experts have warned that the NHS faces 'eye-watering' costs for branded medicines due to the voluntary scheme for such drugs coming to an end. The Association of British Pharmaceutical Industry (ABPI) wants to replace the scheme with a voluntary scheme for pricing, access and growth (VPAG), which would see manufacturers pay a fixed levy of 6.9% on profits made from selling medicines to the NHS.
Health Secretary warned that proposals put forward by pharmaceutical lobbyists risk causing ‘even higher bills’ for the health service if accepted by the UK Government. The voluntary scheme for branded medicines pricing and access, which currently caps growth of the NHS drugs bill to 2% per year, is due to expire at the end of 2023.
A coalition of MPs and health experts have warned that the NHS faces 'eye-watering' costs for branded medicines due to the voluntary scheme for such drugs coming to an end. The Association of British Pharmaceutical Industry (ABPI) wants to replace the scheme with a voluntary scheme for pricing, access and growth (VPAG), which would see manufacturers pay a fixed levy of 6.9% on profits made from selling medicines to the NHS
Health Secretary NHS Branded Medicines Drug Pricing Voluntary Scheme Pharmaceutical Industry
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