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Iranian Medicine Prices Set to Rise Up to Tenfold, Lawmaker Warns

January 30, 2025
“Almost all medicines” will be affected by the price surge, said Fatemeh Mohammad Beigi, a member of Parliament’s Health and Treatment Commission
“Almost all medicines” will be affected by the price surge, said Fatemeh Mohammad Beigi, a member of Parliament’s Health and Treatment Commission

An Iranian MP warned on Wednesday that medicine prices in Iran could increase by seven to ten times following the removal of foreign currency exchange rates for their import.

“Almost all medicines” will be affected by the price surge, said Fatemeh Mohammad Beigi, a member of Parliament’s Health and Treatment Commission.

She also criticized insurance companies for failing to meet their obligations and suggested their mounting debt to the public sector requires legal action.

The warning came as Hossein Samsami, a member of the Parliament’s Economic Commission, reported that medical equipment costs have already risen between two and ten times.

It has left hospitals struggling to purchase essential supplies.

The “preferential exchange rate system” had previously helped keep healthcare costs lower by providing lower currency exchange rates for medical imports.

Its removal is part of broader economic reforms but has led to sharp price increases across the healthcare sector.

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