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

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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