Table 2 Annual drug expenditures and budget savings from patent expiration during 2020–2024
Year | Expected drug expenditures | Budget savingsa | |||
|---|---|---|---|---|---|
Korea (₩): million | US ($): million | Korea (₩): million | US ($): million | (% of 2019 expenditure) | |
2019 | ₩229,094 | $198 | |||
2020 | ₩220,464 | $191 | ₩8631 | $7 | 4% |
2021 | ₩196,173 | $170 | ₩33,109 | $29 | 14% |
2022 | ₩180,946 | $157 | ₩48,149 | $42 | 21% |
2023 | ₩169,595 | $147 | ₩59,499 | $51 | 26% |
2024 | ₩144,054 | $125 | ₩85,041 | $74 | 37% |
Total 2020–2024 | ₩911,232 | $788 | ₩234,429 | $203 | 20% |