KUALA LUMPUR, Jan 13 – The Federal Government today announced retail price caps for Sinovac’s Covid-19 vaccine at RM77 per dose and Sinopharm’s Coronavirus vaccine at RM61 per dose.
The price cap, however, excludes other fees, specified by the government as fees for services and disposables used during the Covid-19 vaccination.
The wholesale price cap for Sinovac’s Covid-19 vaccine is set at RM62 per dose and RM49 per dose for Sinopharm’s coronavirus vaccine. The new price caps will come into effect on January 15, 2022, under the Price Control and Profit Control Act of 2011 (Act 723), and enforced by the Ministry of Health (MOH) pharmacy.
Minister of Health Khairy Jamaluddin and Minister of Domestic Trade and Consumer Affairs Alexander Nanta Linggi today said in a joint statement that the decision to introduce the price cap was aimed at avoiding the private sale of Covid-19 vaccines at exorbitant rates.
Legislated maximum prices for Sinovac and Sinopharm vaccines are, in general, based on current import and market prices, according to Khairy and Nanta.
“The government finds that the prices of Covid-19 vaccines offered in the private sector are still high and vary widely, and it is certain that these rates will weigh on the population, especially while the country is still facing the Covid-19 pandemic. 19,” the two ministers said.
Random checks by code blue showed that a number of private hospitals charge over RM340 for two doses of Sinovac Covid-19 vaccine. Gleneagles Hospital in Kuala Lumpur, for example, charges RM342 for two doses of Sinovac, or RM171 per dose.
Prince Court Medical Center also offers Sinovac vaccines for adults and adolescents ages 12-17 at RM342 for two doses. Sunway Medical Center charges RM350 for two doses of Sinovac and RM175 for a booster dose for fully immunized Sinovac recipients, with a gap of at least three months after the second dose.
The two ministers said the price list for Covid-19 vaccines will continue to be assessed and improved or removed depending on market conditions.
It is also mandatory for private health facilities that have received government approval to offer vaccination for private purchase to display their respective selling prices of Covid-19 vaccines to improve transparency of information on vaccine prices.
“With this, people can shop around and get their Covid-19 vaccines at affordable prices and make informed decisions,” Khairy and Nanta said.
Persons or companies found guilty of selling Sinovac and Sinopharm Covid-19 vaccines above the ceiling price may be sanctioned under Law 723.
Individuals can be fined up to RM100,000 or imprisonment for up to three years or both, or fined up to RM50,000, while companies can be fined up to RM500,000 or fined up to RM250,000.
The public can file complaints related to Covid-19 vaccine pricing issues through the Ministry of Health’s Public Complaint Management System (SISPAA).