BMI View: The Czech healthcare system is facing severe challenges as it struggles to contain budget deficits. At the same time, demand for pharmaceuticals and healthcare is expected to continue its steady growth trajectory, putting pressure on the state and insurers to raise premiums or cut back on services. We believe that pharmaceutical spending will rebound over the short term once funding for the healthcare system is stabilised and the macroeconomic outlook improves in line with the eurozone recovery. Headline Expenditure Projections ? Pharmaceuticals: CZK79.60bn (US$4.07bn) in 2012 to CZK81.16bn (US$3.96bn) in 2013; 2.0% in local currency terms and -2.6% …
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