Skip to content
Friday 14 August 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE
MorningWire

European business, markets and politics

FTSE 100
10,772.67
-0.56%
DAX
26,299.74
0.00%
CAC 40
8,650.56
0.00%
STOXX 50
6,545.47
0.00%
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
More
GermanyFranceBankingAIEnergyFintechPropertyCapital Markets
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
  • DE
Thursday 02 July 2015 4:15 am

NHS medicine will be labelled with prices

By: James Nickerson

Add as a preferred source on Google

A price tag is to be put on medicines in the UK under a plan to cut waste in the National Health Service, along with a stamp reading “Funded by the UK taxpayer”.

All pharmaceuticals over £20 will have an “indicative cost” on the packaging, once the scheme is rolled out next year, as part of an effort to reduce the £300m bill for “wasted” medication, which is prescribed but not used.

In a speech to the Local Government Association in Harrogate, Hunt said "this will not just reduce waste by reminding people of the cost of medicine, but also improve patient care by boosting adherence to drug regimes."

Read more: General Election 2015: Conservatives pledge £8bn a year for the NHS

Health secretary Jeremy Hunt said it is vital that patients understand there is “no such thing as a free health service”, as he called for a new social contract between the NHS and the public.

Everything we are proud of in the NHS is funded by taxpayers, and every penny we waste costs patients more through higher taxes or reduced services.

We spend £300m every year on wasted medicines. People who use our services need to know that in the end they pay the price for this waste. So we intend to publish the indicative medicine costs to the NHS on the packs of all medicines costing more than £20, which will also be marked ‘funded by the UK taxpayer’.

Initiatives such as these aim to increase transparency, and fit into a government push of increasing awareness of costs and choices involved in public spending.

Hunt says, while integration of health and social care is vital to delivering high standards of health care, personal responsibility needs to sit alongside system accountability.

By the end of this Parliament we will have a million more over 70s, one third of them living alone. Yes the health and social care system must do a much better job of looking after them. But so too must all of us as citizens as well.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business

Related Topics

  • NHS

Trending Articles

  • Revolut takes flight with launch of new airport lounges

  • It’s not just Jason Arday, most of sociology is a scam

  • IT consultant ordered to pay £50,000 after being accused of stealing Soho House members’ personal details

  • Grandparents fund university degrees to avoid inheritance tax net

  • Five-star Mayfair hotel hit with HMRC winding-up petition

More from Morning Wire

  • NADclinic and GCLS Announce Strategic Collaboration in Longevity and Performance Medicine Education

    Business Wire
  • Ask the expert: Will paying for my daughter’s wedding reduce my IHT bill?

    Personal Finance
    Marianna Hunt discussing financial strategies at a business conference, wearing a professional suit, engaging with the aud...
  • The pensions triple lock is a travesty. Our politicians must fess up

    Opinion
    Young people face the risk of failing to save enough in their pension
  • Leo Cancer Care Raises $65M Series D to Scale Its Integrated Upright Cancer Care Platform

    Business Wire
  • The devastating prognosis for the UK’s public finances

    Economic News/Analysis
    Dramatic cloud formation over Westminster, capturing a striking skyline with iconic landmarks under a moody sky.
  • ICON announces multi-year collaboration with Anthropic to bring frontier AI to clinical trials

    Business Wire
  • ‘Vibrant colours and sexy scents’: Steph McGovern-owned Gootopia back in profit

    Business
    Blonde woman smiling with green slime background, children playing with goo, Gootopia online experience
  • Ask the expert: How do I avoid double tax on my pension?

    Personal Finance
    Marianna Hunt discussing financial strategies at a business conference, wearing a professional suit, engaging with the aud...
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Business

  • Markets
  • Banking
  • Technology
  • Energy
  • Property
  • Fintech

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook