Lebanon ends medicine subsidies, piling financial pressure on citizens

Cash-strapped Lebanon has ended the subsidies for drugs, leaving many wondering how they will be able to afford basic medical supplies.
2 min read
17 November, 2021
Many drugs will now only be readily available to the wealthy [Getty]

Ministry of Public Healthbegan lifting medication subsidies onTuesday,putting more financial pressure on some ofthe country's most vulnerablecitizens.

announced last week that subsidieson medication used to treat common, chronic conditions would be lifted gradually.

New prices for heart disease, high cholesterol and high blood pressure medicines were revealed on Monday.Pharmacists began implementing the new prices the next day.

hasincreased five or six fold as a result.

“I would say 90 per cent of parents asking for baby formula today left my pharmacy empty-handed. They simply didn’t have the money to pay for it,” one Beirut pharmacist told The National.

Lebanese citizens have been struggling for months as their country’s economy crumbles and the value of the local currency has collapsed.About 80 percent of the population is living below the poverty line, according to UN data.

Representatives from the health ministry said that medicines for cancer, mental and psychological diseases, and terminal diseaseswould remain subsidised, as would drugs used in hospitals, according to the Emirati news outlet.

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The latestsubsidy cuthasaffected the price of other basic supplies.

Baby formula was previously sold for 12,000 Lebanese pounds, but will todayset parents back 98,000 pounds.

The cut will save the Lebanese state around$95 million, Health Minister Abiad said last week.

The lifting of medication subsidiesis the latest in a series of money-saving measures imposed by the government, and follows cuts in subsidies for essentials includingpetrol, electricity, and bread.

Lebanon is hoping to secure financial support from the IMF and foreign nations, who have made political progress a condition of funding.

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