The cup of coffee I bought earlier cost too much. Do coffee shops need deregulation?
There's a cream I sometimes buy which is 27-28 euros in ALL chemists. In Spain it's 10.40 euros. Please pharmacy experts tell me where the 17 euros is going?
The market is being skewed by this. Look at Rathmines. I would wager that there are large numbers of pharmacies because they can all make a high state guaranteed profit on prescription and OTC medicines.
http://www.ncpe.ie/
Here is an agreement between the HSE and the manufacturers:
[broken link removed]
A HSE presentation on reducing drug costs:
[broken link removed]
What restrictions?
I agree with the thanks to pharmacists in engaging in this discussion. I know my posts may sound like an uninformed rant but I'm learning from the links.
I've found a very interesting website that gives me the pharmacy trade price.
It is:
My two examples:
14277 Artelac Eye Drops 10 ml. (B) €2.51 - I pay 4.56 euro every time
30973 Lamisil Cream 30 G. (B) €11.9 - I know this retails at 27 euros plus.
So who pockets the money?
My two examples:
14277 Artelac Eye Drops 10 ml. (B) €2.51 - I pay 4.56 euro every time
30973 Lamisil Cream 30 G. (B) €11.9 - I know this retails at 27 euros plus.
So who pockets the money?
Price restrictions as the prices are set centrally. No point in a supermarket setting up a pharmacy counter if it cant charge cheaper prices that high street pharmacy.
The whole industry is a disgrace - flouts the free market. There should be no price setting negotiations - the price should be determined by the market.
On the artelac - the government makes more than I do. I add a 50% mark-up (33% margin) = 1.25 euro. The government then gets 21.5% VAT (=1.56 euro) plus corporation tax, PAYE from me and my employees, rates, professional registration fees etc. - as with any other retail business it must be added.
Same with Lamisil 30g. Govt gets 4.59 in VAT. I charge a 50% mark-up (5.95) plus in this case a dispensing fee (which can vary between pharmacies - its not set). My fee is 3.50 euro. Which comes to 25.94 for that. It is also now available OTC in 7.5g tubes (ask for the generic version its cheaper). My price on the OTC generic is 4.56 euro - same as the artelac coincidentally. You can buy 4 of these OTC for less than the price of the 30g Lamisil on prescription. Mention it to your pharmacist - he/she may not be aware of this.
As for the split in business between OTC/prescriptions - it depends on the business. As a small, local, independent pharmacy mine is roughly 20/80. A typical Boots would probably be 80/20.
I was musing about that in a quiet moment in work as it happens!gearoid, VAT. letter to your TD if you're that bothered
Bang on. Gov doesn't want to upset big pharma.I wonder whether the manufacturer's are getting higher prices as the pharmaceutical sector is such a big employer and the government wants to placate them in some way?
As only 1/3 of the pop have a med card, how can med card trade be 70% of business?
Mary Harney makes a good point:
“Put simply, it should not cost €640 million to get €1.04 billion of drugs from the factory gate to the patient,” she said.
Pharmacists are willing to play their part on reforms and cost-cutting. It is the scale of the reforms that are breath-taking. It is an abuse of democratic power to use the financial services emergency bill to reduce other professionals payments by 8% and pharmacists by 30-40%. This will immediately leave hundreds of pharmacies closed down and unemployed. Reforms should be managed in a more responsible manner.
I have seen numerous instances where Greek and Italian prices are actually on the medicine.
So, is that someone actually avoiding the local wholesaler? You were very limited on the actual details.
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