Medicine Price : The Modi government at the Center is contemplating to cut the price of essential medicines used in the treatment of common and serious diseases. Its official announcement can be made on August 15. The central government has discussed this with the department, after which the final decision will be taken.
These patients will get relief
Patients suffering from cancer, diabetes and heart diseases can get great relief in the coming days. Sources have given this information. The cost of some medicines related to these diseases is very high. The government is worried about this and wants to regulate their price.
More than 1000 percent margin
It is known that Health Minister Mansukh Mandaviya has called a meeting with the representatives of pharmaceutical companies on July 26. The trade margin on many medicines is more than 1000 per cent. At present, the drug regulator NPPA has put a cap on the price of 355 drugs. These drugs are included in NLEM. The trade margin on these drugs is 8 per cent for wholesale and 16 per cent for retailers.
Prices will be reduced by 70 percent
If this proposal of the government is implemented, then the price of medicines will come down by 70 percent. The department is making changes in the National List of Essential Medicines. It was changed in 2015. In this, it is being considered to impose a cap on the high margin of such drugs, which patients use for a long time.