Fixing drug prices helped consumers save Rs 5,000 crore – Feedback

Consumers have saved nearly Rs 5,000 crore on account of the government fixing the prices of medicines under the Drugs Price Control Order 2013, government said today.

It had fixed ceiling prices of 530 scheduled formulations in accordance with DPCO 2013 including medicines for diabetes, cardiovascular diseases, HIV/AIDS, tuberculosis and cancer till February 29, 2016, Minister for Chemicals and Fertilisers Ananth Kumar said in a written reply to the Rajya Sabha. Thereafter, till June 2016, government has further fixed the prices of 404 formulations including 39 medicines for heart diseases, 18 HIV/AIDS drugs and 39 anti-cancer formulations, he added. “The total saving to consumers as a result of price control under DPCO 2013 is nearly Rs 4,988 crore,” Kumar said. Prices of over 530 formulations were fixed under NLEM 2011 and 404 medicines under the revised list (NLEM 2015) under DPCO 2013, which was notified on March 10, 2016.

http://economictimes.indiatimes.com/industry/healthcare/biotech/pharmaceuticals/fixing-drug-prices-helped-consumers-save-rs-5000-crore-government/articleshow/53450358.cms

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