After 10 months of lengthy discussions and meetings, South Korea and the United States have finally wrapped up an epic free trade agreement. Among the various industries, the FTA also included provisions on the pharmaceutical and medical devices markets. Among these provisions... Read More
The Bureau of National Health Insurance (BNHI) of Taiwan recently issued its fifth round of drug price cuts, to take effect from November 1, 2006. This cut represented a compromise from earlier plans. The initial proposal put forward by the government was... Read More
Almost all medical device purchasing in Japan is closely linked to the levels the national health insurance system will reimburse the devices at. In an effort to reduce healthcare spending, the government recently reduced the reimbursement prices of a majority of functional... Read More
The Asian economy has experienced tremendous GDP growth over the past decade, and is expected to continue at a healthy pace for the next several years. In particular, the medical device market has been growing quite rapidly. More and more companies are... Read More
The Japanese Ministry of Health, Labor, and Welfare (MHLW) has announced cuts in reimbursement levels for drugs and medical devices that will go into effect April 1, 2006. The revised reimbursement for drugs under the National Health Insurance program means an average... Read More
The National Health Insurance (NHI) Act oversees all public health insurance in Korea. This Act covers the entire population and all citizens earning an income in Korea must contribute a percentage of their monthly salary. Today, the Korean government considers the medical... Read More
Taiwan's National Health Insurance (NHI) Program was established in 1995 in order to provide affordable, good quality health coverage to all citizens. Previously, three different insurance systems were in effect, offering nearly a dozen different insurance programs. These programs were only available... Read More
In Korea, the National Health Insurance (NHI) Act oversees all public health insurance. This Act covers the entire population and all citizens earning an income in Korea must contribute a percentage of their monthly salary. The Ministry of Health and Welfare (MOHW)... Read More
The Asian medical market is facing rapid changes as modernization greatly enhances the development of new and improved medical devices. Japan's recently revised Pharmaceutical Affairs Law (PAL) has maintained its basic purpose since 1948: to guarantee safety, efficiency and quality of medical... Read More
Japan’s Ministry of Health, Labour, and Welfare (MHLW) announced its latest wave of drug pricing cuts last month, the latest in a series of biennial price adjustments that began in the early 1990s. Under the Japanese national healthcare insurance system, the government... Read More