[Thread]: Explanation:
Why will the price of #PCR #COVID19 tests in SA's private sector GO DOWN from R850/test to R500?
An agreement was reached between the Competition Commission and 2 major private labs, Ampath (Du Buisson Kramer Swart Bouwer Incorporated) + @LancetLab_ZA.
Why will the price of #PCR #COVID19 tests in SA's private sector GO DOWN from R850/test to R500?
An agreement was reached between the Competition Commission and 2 major private labs, Ampath (Du Buisson Kramer Swart Bouwer Incorporated) + @LancetLab_ZA.
2. What are #PCR #COVID19 tests?
They're the gold standard of #COVID19 testing and are also called molecular tests. PCR tests detect genetic material of #SARSCoV2 (the COVID virus) using a lab technique called polymerase chain reaction (PCR). More:
bit.ly/31I43Lv
They're the gold standard of #COVID19 testing and are also called molecular tests. PCR tests detect genetic material of #SARSCoV2 (the COVID virus) using a lab technique called polymerase chain reaction (PCR). More:
bit.ly/31I43Lv
3. So #PCR tests are those tests for which a #HealthWorkers take a long swab and insert it into the back of your throat (oropharyngeal swab). These are the tests that you require for international traveling.
4. Why did the price of #PCR tests go down?
On 8 Oct, the Competition Commission received a complaint from @CMSCares4u against private pathology labs alleging that the price for supplying PCR #COVID19 tests was unfairly inflated, exorbitant and unjustifiable.
On 8 Oct, the Competition Commission received a complaint from @CMSCares4u against private pathology labs alleging that the price for supplying PCR #COVID19 tests was unfairly inflated, exorbitant and unjustifiable.
5. Between Sep + Oct 2021, the Commission was alerted through meetings + telephonic discussions with @healthza + healthcare funders (medical aids) of a possible pricing abuse for #COVID19 PCR tests.
6. Orgs who complained said private pathology labs have experienced substantial cost reductions in conducting #COVID19 PCR tests b/cause they were processing large volumes, especially during infection waves). Yet the price they charged remained high + unchanged @ R850.
7. The Competition Commission investigated the complaints and found that:
1. The labs have been earning huge profits since March 2020
2. The costs processing of tests went down because so many were processed
3. But labs didn't reduce their prices
4. This exploited consumers
1. The labs have been earning huge profits since March 2020
2. The costs processing of tests went down because so many were processed
3. But labs didn't reduce their prices
4. This exploited consumers
8. What about other a labs (that are not part of the agreement)?
1. The Comp Commission calls on them to also charge no more than R500/test
2. Medical aids should pass on the savings to consumers
1. The Comp Commission calls on them to also charge no more than R500/test
2. Medical aids should pass on the savings to consumers
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