【Healthkoreanews】 According to the Ministry of Health, Welfare and Family(MOHWF)'s Health Insurance Review and Assessment Service of 2008, the prices of 694 drugs were cut down by 6.6% on average, the MOHWF announced on 19 Nov.
The price cuts will go into effect on January 1, 2009.
The MOHWF estimates that the price cuts will help the government save 32.7 billion won annually. The amount of price saving was 59.1 billion won in 2005.<헬스코리아뉴스>