Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Commerce Commission Decision Supported By Linwood Community

Media Release 30 January 2013

Commerce Commission Decision Supported By Linwood Community Pharmacy


A decision by the Commerce Commission and quick action by DHB’s that will benefit communities is being applauded by the Linwood Community Pharmacy in Christchurch.

An investigation by the Commerce Commission into claims that clauses in the Community Pharmacy Services Agreement (CPSA) substantially lessen competition in the market, has resulted in a DHB variation to the original contracts being signed by pharmacies around the country.

In a letter sent to DHB’s in December last year, the Commerce Commission said their Commerce Act division’s “strongly held view” was that clauses M1.3 (No offering of an inducement or reward to an eligible person) and clause H4. (compulsory charging of full co-payment i.e.$5) were “likely to have the purpose, effect or likely effect of substantially lessening competition in the community pharmacy dispensary services market.

Joe Tiller of the Linwood Community Pharmacy is hugely relieved with the Commerce Commission’s view because it means they can continue to offer discounted prescription prices to the high needs population.

“It would have been extremely disappointing if we had been forced by the new contract to increase our prescription co-payment charges. We applaud the Commission’s decision as it has specifically highlighted the effects the contract may have had in lower socio economic areas where patients might forgo their medication or other necessities if the co-payment is not able to be discounted,” says Joe Tiller.

“We welcome the speedy action and communication from the DHB’s to put this right for those who are most vulnerable in our communities,” says pharmacist Ann Tiller.

Joe and Ann Tiller opened the Linwood Community Pharmacy two years ago with lower costs, to help those on limited budgets. They charge no more than $3 per prescription item despite prescription fees recently having increased around the country to $5 per item. When they opened two years ago, the prescription fee was $1.50 instead of $3 charged elsewhere.

“People who had reached their limit of 20 items and were no longer having to pay for prescriptions, will have to start paying the new fee of $5 per item from the end of this week. Our customers though, will be paying less,” says Ann Tiller. “We set the pharmacy up to enable and encourage access for those who can least afford it.”

ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Economic Update: RBNZ Says Rate Cut Seems Likely

The Reserve Bank will likely cut interest rates further as a persistently strong kiwi dollar makes it difficult for the bank to meet its inflation target, it said. The local currency fell. More>>

ALSO:

House Price Action Plan: RBNZ Signals National Lending Restrictions

The central bank wants to cap bank lending to property investors with a deposit of less than 40 percent at 5 percent and restore the 10 percent limit for owner-occupiers wanting to take out a mortgage with a deposit of less than 20 percent, according to a consultation paper released today. More>>

ALSO:

Sparks Fly: Gordon Campbell On China Steel Dumping Allegations

No doubt, officials on the China desk at MFAT have prided themselves on fashioning a niche position for New Zealand right in between the US and China – and leveraging off both of them! Well, as the Aussies would say, of MFAT: tell ‘em they’re dreaming. More>>

ALSO:

Loan Sharks: Finance Companies Found Guilty Of Breaching Fair Trading Act

Finance companies Budget Loans and Evolution Finance, run by former 1980s corporate high-flyer Allan Hawkins, have been found guilty of 106 charges of breaching the Fair Trading Act for misleading 21 borrowers while enforcing loan contracts. More>>

ALSO:

Post Panama Papers: Govt To Adopt Shewan's Foreign Trust Recommendations

The government will adopt all of the recommendations from former PwC chairman John Shewan to increase disclosure and introduce a register for foreign trusts with new legislation to be introduced next month. More>>

ALSO:

The Price Of Cheese: Cheddar At Eight-Year Low

Food prices decreased 0.5 percent in the year to June 2016, influenced by lower grocery food prices (down 2.3 percent), Statistics New Zealand said today. Compared with June 2015, cheese prices were down 9.5 percent, fresh milk was down 3.9 percent, and yoghurt was down 9.2 percent. More>>

ALSO:

Financial Advisers: New 'Customer-First' Obligations

Goldsmith plans to do away with the current adviser designations which he says have been "unsatisfactory" in that some advisers are obliged to disclose potential conflicts of interest and act in their customers' best interests, but others are not. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news