Amarin Corp Plc (AMRN)

[lettruthringout]

Subsidized cost of Vazkepa in Denmark

Prescriptions in Denmark are not part of the free health care system in Denmark. You are given an allowance and only pay a portion of your costs. How much you will pay is based on a sliding scale. Here is how it works. If you are over 18 the following applies to you.

Although you need to pay for your prescriptions, some medication is reimbursable. You will be given an allowance for medication on the reimbursable register, which is worked out according to a sliding scale as follows, over a 12-month period:

• DKK 0 – 980 (€130): 0% of reimbursement
• DKK 980 – 1625 (€130 – 217): 50% of reimbursement
• DKK 1625 – 3520 (€217 – 471): 75% of reimbursement
• over DKK 3520: 85% of reimbursement
• over DKK 19,078 (€2553): 100% of reimbursement

Whenever you buy a reimbursable medicine, it is automatically reported to the Central Reimbursement Register (CTR). This will be monitored by the health authorities, so the more your CTR balance grows within a reimbursement period of one year, the more reimbursement you will receive. This is partly to ensure that people with chronic illnesses needing a large number of repeat prescriptions do not end up paying a fortune.

Footnote: There are also subsidies for people with chronic illness, people who may be dying and or in financial difficulty. These must be approved via your physician and the Lægemiddelstyrelsen.

So, by my calculation. Vazkepa for a year if you don't have private or supplemental insurance will cost about 4109 kr or $648 USD. Many folks will have supplemental insurance that will cover the non-reimbursable portion of the public system cost. The $235 per month I posted earlier was in Norwegian Kroner instead of Danish Krone. The monthly cost of 2,017 Danish Krone comes out to $318 USD (271 euro) before subsidies are applied. These costs include V.A.T. (25%) and fees, which of course Amarin will not share in. Coincidentally, removing the V.A.T. and fees gets us back to about $235 give or take a couple bucks but I don't know for sure how much the fees are.


https://medicinpriser.dk/default.aspx?lng=2

http://xnet.dkma.dk/indlaegsseddel/leaflets/leaflets.faces


https://www.expatfocus.com/denmark/health/prescriptions-in-denmark-what-is-available-and-how-to-ensure-you-get-the-right-level-of-care-5728/