Medicine pricing in South Africa is regulated by law through a mechanism known as Single Exit Price or SEP. This mechanism controls the price that a pharmacy has to charge for medication. A pharmacy may only add a dispensing fee (mark-up) to the SEP. Currently the mark-up is 36/36 which means in practice that the pharmacy can charge a mark-up of 36% with a maximum of R36 per item. Only the maximum is regulated, however in practice this is what most of the retail pharmacies charge their clients. Spesbona has negotiated a huge discount for their clients when they access their network.
Apart from the discount we have also compiled our own generic formulary that is based on molecular substitution.
This means the active ingredient in the product is the same than in the patented product, but at a fraction of the cost. If clients choose to utilise this formulary, further considerable savings will be achieved.
Taking a look at the average script in SA, the cost of joining can be recovered in a single script!
This benefit is for both acute as well as all chronic medication, including Chronic Disease List (CDL) medication for the Prescribed Minimum Benefits (PMB) conditions. In the case of PMB's the cost of the script will be routed directly to the applicable Medical Scheme for payment.
In future, you will also qualify for discount other healthcare products!