Four years ago last June 6, the Cheaper Medicines Law (Republic Act 9502, the Universally Accessible Cheaper and Quality Medicines Act of 2008) passed after contentious debates in the 14th Congress, was signed into law by President Gloria M. Arroyo.
R.A. 9502 was intended to achieve two correlated goals:
1. Reduce the cost of medicines — especially those that are commonly bought by the poor — to 50% of their 2001 prices and make these available nationwide; and
2. Require and ensure the production of adequate supply, distribution, use and acceptance of medicines identified by their generic names, which are priced much lower than patented drugs mainly produced by multinational corporations..... MORE