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1Govt finalized a 45% drug price cut to stabilize health insurance finances.
2Pharma industry is relieved to avoid steeper cuts despite profit concerns.
3This measure will ease the financial burden on seniors taking chronic meds.
Mar 28, 2026 Economy Health

Pharma Industry Protests 16% Drug Price Cut

1The government will cut drug prices by 16% to save health insurance funds.
2The pharma industry strongly protests, citing a lack of R&D funds for new drugs.
3While patient costs may drop, concerns arise over essential drug supply issues.