[Edaily Reporter Lee Hye-ra] Shares of #TSTrillion, a related stock, hit the daily price limit early in the session following news that the government is reviewing the application of national health insurance coverage for hair loss treatments in the second half of the year.
According to MP Doctor on the 15th, TS Trillion was trading at 1,206 won as of 9:08 a.m. that day, up 29.96% from the previous trading day.
Jeong Eun-kyung, Minister of Health and Welfare, stated at a policy briefing held in Jongno-gu, Seoul, on the 11th to mark the first anniversary of the government’s inauguration, “We determined that it was necessary to gather public opinion regarding the inclusion of hair loss treatment under national health insurance, and a survey of 1,000 people conducted by the National Health Insurance Service yielded positive results.” She added, “We plan to review the implementation of this policy by reflecting opinions from the Ministry of the Interior and Safety’s ‘Public Forum’ scheduled for next month.”
The company is a leading manufacturer of TS Trillion Hair Loss Care Shampoo. It is believed that the stock is surging today as the issue of health insurance coverage for hair loss treatment gains prominence.
Previously, President Lee Jae-myung had instructed the Ministry of Health and Welfare to review the application of national health insurance to hair loss treatments during a briefing last December. At that time, President Lee stated, “We should examine how much it would cost; if unlimited coverage places too great a financial burden, we could consider limiting the number of treatments or setting a total cost cap,” adding, “I’ve heard that designating it as a health insurance benefit lowers drug prices. Please include this in your review.”
At the same time, Innojin, a company specializing in anti-aging solutions, is also trading up by around 15% compared to the previous trading day.