Under the new law, its maximum retail price is now ₱400, or almost half its original price. For example, insulin costs ₱818 per pre-filled pen. This means that apart from the 20% standard discount, senior citizens can now also enjoy an average of 31% decrease in the prices of medicines they purchase. 104 4, which mandates up to 58% reduction on the retail prices of 87 high-cost medicines for top chronic diseases such as diabetes, hypertension, chronic kidney disease, asthma/chronic obstructive pulmonary disease, and cancer, took effect in June 2020. Generic and brand medicines and drugs.Twenty percent (20%) discount and VAT exemption on the purchase of the following:
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