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Effectively the prices of 651 esssential medicines will come down by 6.73% despite 12.2% increase in WPI

Content Editor: Dr. Siddharth Singh

April 7, 2023 at 10:08:18 AM

Essential Medicines, OOPE, Jan Aushadhi Kendras

Content Editor: Dr. Siddharth Singh
  • The National Pharmaceutical Pricing Authority (NPPA) had been able to fix the price of 651 out of the 870 scheduled under the essential drugs.

  • This capping of the price would save Rs. 3,500 Crore of the consumer's pocket, annually. 

  • Further, Jan Aushadhi stores have created competition in the market which helped in decreasing the price of such drugs.

  • The pricing of a drug is a multifaceted approach, the pharma companies can increase or decrease the price of their drugs according to Wholesale Price Index (WPI) according to the Drugs (Prices Control) Order, 2013. 

  • World Health Organisation (WHO) estimates that almost 40% of the health budget in LMIC is directed towards medicines, which maximum is borne out of Pocket by the consumer.

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