Register now for Fin24 Dashboard and get access to portfolios, watchlists, financial comparison tools, and a whole lot more to help you achieve your financial goals.

Data provided by McGregor BFA
All data is delayed
Loading...
Where am I? Home
 
Prices are delayed by 15min.
Join the Fin24.com conversation about JSE-listed stock by using every time you tweet.

PSF welcomes dispensing fee publication

Nov 19 2010 18:45 Sapa

Related Articles

Which pharmacy law rules?

Pharmacy service fees set

Shoprite pursues pharmacy growth

Council probes pharmacy fees

Clicks Aus opens pharmacy franchise

Pharmacy students up in arms

 

Top Stories

Cell C move sparks price war

May 27 2012 11:21

There's a price war raging between South Africa's cellphone networks after Cell C lowered the rates of its prepaid calls by more than 34%.

Another golf estate victim

May 27 2012 13:09

The oversupply of golf estates has claimed another victim.

Tupperware agents incensed by fakes

May 27 2012 11:49

The country's 200 000-odd Tupperware agents are angry about the counterfeit products being sold as the real McCoy.

 
Share Share line Print

Pretoria - Pharmacists on Friday welcomed the publication of the dispensing fee for pharmacists in the Government Gazette, which comes into effect after years of frustration.

"(We are) satisfied that the process has been appropriate and that due consideration was given to submissions made to the pricing committee," the Pharmacy Stakeholders Forum's joint co-ordinator Sham Moodley said in a statement.

Moodley acknowledged the hard work put in by all interested parties in achieving an appropriate fee, after months of research and discussions.

In 2004 the pharmacists' dispensing fee was effectively decreased. Since 2005 it had remained at the same level, without even inflationary increases.

Moodley's fellow co-ordinator Ivan Kotz said the new dispensing fee introduced a tiered structure. Depending on the acquisition cost, one of four different formulas should be used to calculate the dispensing fee.

Draft regulations for comment were originally published in January 2004, and had been unsuccessfully revised a number of times.

In 2005 the Constitutional Court instructed the pricing committee to take into consideration input by interested parties, to ensure the final dispensing fee was just and equitable.

Moodley said this was considered essential so pharmacies would not be driven out of business. He encouraged medical schemes to pay the appropriate fee.

"We feel for those 600 pharmacies that closed because of inappropriate payments of the fee over the past five years."

The PSF believed consumers would now have legal protection from overcharging, and would know pharmacists had to calculate and indicate their dispensing fee according to a published procedure. The fee structure and dispensing fee regulations could be viewed on www.pssa.org.za.

The regulations require that a notice be displayed in every pharmacy to inform the public of the way the dispensing fee was determined.
 

 
 
Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
It pays to know the cost and what you’re getting in return
May 28 2012 09:33

Investors may not have a clue what they’re paying their money managers or they type of service they’re getting, or, whether they can actually negotiate lower fees. (Reuters)

Bertie

This is how Coke did the big picture thing in the late 1970s early 1980s. By then it was clear that population growth had stabilized. So, where was increased revenue going to come from? The small picture would focus on getting more marketshare from Pepsi.   But Roberto Goizueta, on of the Tita... Read their blog...

Recently updated
Podcasts
The Sishen saga

Legal expert Peter Leon on the increasingly complex legal wrangle over the Sishen Iron Ore mine. Time: 8:17 Listen Here...

Before you list

Is the clarion call of the JSE calling? Listen to Fin24’s expert panel discussion before you list your small business. Time: 17:29

Compare and Buy

Compare and apply for hundreds of financial products from many suppliers.

Credit cards Medical aid Current accounts Think Money

Money Clinic

Money Clinic Do you have a question about your finances? We'll get an expert opinion.
Click here...

Loading...