Govt to lower prices of 14 drugs to treat cancer

China's medical insurance administration said it will lower the prices of 14 cancer drugs and instructed provincial-level drug-procurement platforms to follow the new standard by the end of next month.

The National Healthcare Security Administration said on Saturday patients can expect to buy the drugs more cheaply after September.

The decision was based on a recent circular on the adjustment of medical insurance reimbursement and procurement prices of cancer drugs.