THE 10 MOST expensive prescription drugs in the Republic’s biggest pharmacy chain are to fall in price by an average of 25 per cent. This will save people on medications for conditions including asthma and heart disease up to €300 a year.
The savings are the result of a dramatic overhaul of the Boots Ireland pricing model. It has abandoned the traditional 50 per cent mark-up that pharmacists add to the cost price of a drug on top of a €5 dispensing fee, in favour of a single €7 “professional services fee” that will be added to the cost price of drugs.
Industry sources said last night the move is likely to spark a prescription drug price war with other chains forced to follow suit.
That can’t be right, can it?