Philippines Pharmaceuticals & Healthcare Report Q2 2014 - New Report Available
According to the Philippine Institute for Development Studies (PIDS) the pharmaceutical industry is one of the fastest growing industries in the country. Its output, drugs and medicines, account for 46% of the total medical out-of-pocket expenses of Philippine households. For poorer people, this percentage goes up to 55%. However, out-of-pocket financing for healthcare indicates inequality. As the Haiyan tragedy in November 2013 revealed, many rural areas in the country are yet to benefit from marginal improvements in basic infrastructure and...
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