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1685362
registered interest false more like this
date less than 2024-01-26more like thismore than 2024-01-26
answering body
Department of Health and Social Care more like this
answering dept id 17 more like this
answering dept short name Health and Social Care more like this
answering dept sort name Health and Social Care more like this
hansard heading Contraceptives: Taxation more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask His Majesty's Government, further to their policy paper 2024 voluntary scheme for branded medicines pricing, access and growth: summary of the heads of agreement, published on 20 November 2023, what assessment they have made of any potential detrimental impact on women's health if the tax on the contraceptive implant Nexplanon is increased to 35 per cent. more like this
tabling member printed
Baroness Northover more like this
uin HL1963 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2024-02-01more like thismore than 2024-02-01
answer text <p>The 2024 voluntary scheme for branded medicines pricing, access and growth (VPAG) introduces a new way of controlling the cost of older medicines that is explicitly pro-innovation and pro-competition. We do not anticipate this resulting in a detrimental impact on women's health or, given the available mitigations, on the supply of medicines.</p><p>Medicines for women’s health will be subject to the VPAG in the same way that all other medicines are. They will be subject to the top up payment percentage only when they have not seen a sufficient price decline since the active substance lost market exclusivity.</p><p>In exceptional circumstances, where a product would otherwise be uneconomic to supply, companies can apply to the Department for a price increase or for an adjustment to the top up payment percentage that applies.</p> more like this
answering member printed Lord Markham more like this
question first answered
less than 2024-02-01T12:21:09.427Zmore like thismore than 2024-02-01T12:21:09.427Z
answering member
4948
label Biography information for Lord Markham more like this
tabling member
2539
label Biography information for Baroness Northover more like this