Why China pays too much for medicines

[riky]

Why China pays too much for medicines

<p><a href="http://news.yahoo.com/why-china-pays-over-odds-medicines-145509651.html"><img src="http://l.yimg.com/bt/api/res/1.2/vCmWwbWLYkXzAcKqMTwz7w--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-26T145509Z_1_CBRE96P15G100_RTROPTP_2_CHINA-MULTINATIONALS-CRACKDOWN.JPG" width="130" height="86" alt="A flag bearing the logo of GlaxoSmithKline flutters next to a Chinese national flag outside a GlaxoSmithKline office building in Shanghai" align="left" title="A flag bearing the logo of GlaxoSmithKline flutters next to a Chinese national flag outside a GlaxoSmithKline office building in Shanghai" border="0" /></a>By Ben Hirschler, Ransdell Pierson and Kazunori Takada (Reuters) - China has a drug problem. While most Western countries spend 10-12 percent of their healthcare budget on medicines, in China it is well over 40 percent, a disparity that goes to the heart of Beijing's crackdown on the industry. A promise this week by GlaxoSmithKline to make its drugs more affordable in China in the wake of a bribery scandal is an important lever Chinese authorities may now use to start redressing the balance. ...</p><br clear="all"/>

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