NEWSLETTER-2017

393 MISCELLANEOUS Repayment Systems Types, amounts, expiration dates and procedures, and principles with regard to the repayment of the drugs refinanced by the Social Security Institution (“Institution”) and those drugs, which have been requested to be refinances, are regulated under the Institution Repay- ment Regulation 24 . The Social Security Institution General Health Insurance Alterna- tive Repayment Regulation 25 especially governs the alternative repay- ment models established to include those health related product and service groups financed/to be financed by the Institution in the repay- ment scheme and to subsidize the production of the market availability of the product groups, domestic production of exported products, and the provision of market availability as such. With regard to the repayment scheme, drugs in each product group will receive repayment corresponding to a maximum of 10% more than the cheapest unit price. In addition, the base unit price will be applied to 15 equivalent groups 26 . Conclusion and Future Projections Health expenses per person between the years 2013-2017 will grow by 5.6% annual compound growth rate and Turkey will make a leap in the health sector with its rapid growth of the young popula- tion according to the future projections of the Economic Intelligence Unit 27 . School, http://www.onersuzer.net/eski/pdf/biyoesdegerlik_seminer.pdf. 24 Regulation on Repayment of Medicine by Social Security Institution 25 Regulation on General Health Insurance Alternative Repayment by the Social Security Institution published on the Official Gazette dated 10 February 2016 and numbered 29620. 26 Union of Pharmaceutical Industry Employers ( İlaç Endüstrisi İşverenler Sendikası ), http://www.ieis.org.tr/ieis/tr/issues/10/geri-odeme. 27 Invest in Turkey – Turkish Prime Ministry Life Sciences Investments Support andPromotion Agency ( Yaşam Bilimleri T.C. Başbakanlık Türkiye Yatırım Destek ve Tanıtım Ajansı ) (“ TYDTA ”) http://www.invest.gov.tr/tr-tr/sectors/Pages/Life- SciencesAndHealthcare.aspx.