Germany to pay more for child medicines amid supply shortage

Dec 20, 2022, 7:02 AM | Updated: 7:09 am
Medicines such as cough syrup, lozenges and ointment are seen on a table in an apartment in Berlin,...

Medicines such as cough syrup, lozenges and ointment are seen on a table in an apartment in Berlin, Tuesday, Dec. 20, 2022. The German government said Tuesday that it will allow insurance companies to pay more for pediatric medication that is in short supply in the country. Germans have been scrambling to find basic drugs such as painkillers in recent weeks, amid delivery bottlenecks and higher-than-usual demand. (Stephanie Pilick/dpa via AP)

(Stephanie Pilick/dpa via AP)

BERLIN (AP) — The German government said Tuesday that it will allow health insurance companies to pay more for pediatric medications that are in short supply in the country.

Germans have scrambled to find basic drugs such as painkillers in recent weeks amid delivery bottlenecks and higher-than-usual demand.

Health Minister Karl Lauterbach said insurers that form the backbone of the German public health system will be able to pay 50% more than the legally set price for patent-free medicines. If such drugs aren’t available, they can fall back on more expensive branded drugs or make liquids preferred for pediatric use out of tablets.

Germany, where the prices insurers pay for generic drugs are capped, is a less attractive market for some pharmaceutical companies than neighboring nations such as the Netherlands.

Lauterbach said Germany would also try to tackle a shortage of antibiotics and cancer drugs by giving preference to suppliers that produce key ingredients within the European Union and requiring them to keep several months worth of stocks.

German authorities say the country has a critical shortage of more than 50 drugs, most of them generics. The problem is caused by slim margins for some medications, a concentration of suppliers in certain non-EU countries, heightened demand and quality control issues.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


File - Security forces stand guard during a demonstration in front of the Iraqi central bank as cur...
Associated Press

Targeting Iran, US tightens Iraq’s dollar flow, causing pain

BAGHDAD (AP) — For months, the United States has restricted Iraq’s access to its own dollars, trying to stamp out what Iraqi officials describe as rampant money laundering that benefits Iran and Syria. Iraq is now feeling the crunch, with a drop in the value of its currency and public anger blowing back against the […]
1 day ago
FILE - A logo of Sony is seen at the headquarters of Sony Corp. on May 10, 2022, in Tokyo. Sony app...
Associated Press

Sony CFO to lead entertainment-electronic giant as president

TOKYO (AP) — Sony appointed a veteran executive as its president Thursday to lead the Japanese electronics and entertainment conglomerate through times of change. Hiroki Totoki, Sony’s chief financial officer, will become the president and COO, Sony Corp. said in a statement. Kenichiro Yoshida remains chairman and chief executive, signaling continuity at the Tokyo-based maker […]
1 day ago
People wearing protective masks stand near an electronic stock board showing Japan's Nikkei 225 ind...
Associated Press

Asian stocks rise after Fed sees inflation improving

BEIJING (AP) — Asian stock markets gained Thursday after the Federal Reserve said the U.S. economy is moving toward lower inflation but more interest rate hikes are planned. Shanghai, Tokyo, Hong Kong and Sydney advanced. Oil prices rose. Wall Street’s benchmark S&P 500 index closed 1% higher after the Fed raised its key lending rate […]
1 day ago
Traders on the floor at the New York Stock Exchange watch Federal Reserve Chair Jerome Powell's new...
Associated Press

Here’s what the Fed interest rate hike means for you

NEW YORK (AP) — The Federal Reserve raised its key rate by a quarter point Wednesday, bringing it to the highest level in 15 years as part of an ongoing effort to ease inflation by making borrowing more expensive. The rate increase will likely make it even costlier to borrow for homes, autos and other […]
1 day ago
FILE - A house burns on Platina Road at the Zogg Fire near Ono, Calif., on Sept. 27, 2020. A judge ...
Associated Press

PG&E to face manslaughter trial over deadly California fire

REDDING, Calif. (AP) — Pacific Gas & Electric will face trial for manslaughter over its role in a 2020 wildfire in Northern California that killed four people, a judge ruled Wednesday. The judge in Shasta County ruled after a preliminary hearing that there was enough evidence for the nation’s largest utility to face trial on […]
1 day ago
FILE - The logo of Honda Motor Company attached to a vehicle is seen at a showroom in Tokyo on May ...
Associated Press

Japan’s Honda outlines hydrogen power plans to go green

TOKYO (AP) — Honda is expanding the use of hydrogen to include trucks and construction equipment, electricity for buildings and even outer space, not just cars on the roads. Honda Motor Co. plans a new fuel cell vehicle for sale next year, packed with a fuel cell stack developed with General Motors Co. of the […]
1 day ago

Sponsored Articles

Day & Night Air Conditioning, Heating and Plumbing

Prep the plumbing in your home just in time for the holidays

With the holidays approaching, it's important to know when your home is in need of heating and plumbing updates before more guests start to come around.
(Photo via MLB's Arizona Fall League / Twitter)...
Arizona Fall League

Top prospects to watch at this year’s Arizona Fall League

One of the most exciting elements of the MLB offseason is the Arizona Fall League, which began its 30th season Monday.
Quantum Fiber

Stream 4K and more with powerful, high-speed fiber internet

Picking which streaming services to subscribe to are difficult choices, and there is no room for internet that cannot handle increased demands.
Germany to pay more for child medicines amid supply shortage