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Swiss generic medicines are significantly more expensive than in other countries, with prices over twice as high, according to a study by the Swiss price watchdog. Original medicines with expired patents cost 62% more in Switzerland, while the cheapest generics are 61% cheaper abroad. The watchdog calls for a new pricing mechanism and measures to promote generics to address these inflated costs.
A recent survey reveals that only one-third of Swiss residents feel financial strain amid rising living costs, with 79% acknowledging a widening wealth gap. While 35% report stress about their finances, a significant majority express support for increased wealth taxes and the sharing economy.
UBS's acquisition of Credit Suisse has raised concerns about its dominance in the Swiss banking market, prompting discussions among regulatory authorities, including the Price Supervisor and the Competition Commission. Complaints from the public and businesses regarding potential negative impacts on competition were addressed, although no formal agreements were reached. The authorities emphasized the need for ongoing communication, particularly regarding credit interest rates, while deciding to postpone a proposed Memorandum of Understanding.
10:18 18.10.2024
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