Boots freezes its prices on thousands of products

PHARMACY chain Boots Ireland has pledged to freeze the price of more than 1,300 products, saying they want them to remain affordable for customers as the cost of living continues to rise.

The price promise comes after a study by researchers from Trinity College Dublin and Royal College of Surgeons in Ireland (RCSI) found that prescription drug prices in some pharmacy chains were significantly higher than independent pharmacies.

Boots said the lines where the prices are frozen relate to beauty, health, wellness and baby, and include daily necessities, as well as lines that customers purchase most often.

But the price freeze doesn’t apply to prescription drugs, the area where the Trinity and RCSI studies found huge price differences.

The list of products includes a number of categories such as toiletries, hair care, dental care, health, wellness and beauty.

The products include customer favorites of the Boots brand and everyday essentials such as toothpaste, shampoo, diapers and shower gel.

Prices will remain fixed until the end of the year.

It also said thousands of its Boots brands are now available from just 99 cents.

It comes after the Trinity and RCSI study revealed wide price variations and a lack of price transparency in the pharmacy sector.

The cost of some commonly used prescription drugs can nearly double between one pharmacy and another, the study finds.

Prices in some chain-owned pharmacies were significantly higher than independent pharmacies, the researchers found.

When asked about the research into the price variation of prescription drugs, Boots Ireland said the price cuts it announced were unrelated to the price variation of prescription drugs.

The Health Insurance Authority (HIA) has now found that some health insurers do not apply policies that comply with the regulations for so-called risk equalization.

Here, people with health insurance pay a levy that contributes to a €800 million fund.

Money from the fund is distributed among health insurers to ensure that people with the same policy pay the same price, regardless of age or health.

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