News

Reduction in Prices of Medicines has resulted in Savings of Rs 5,117 Crore

The National List of Essential Medicines 2015 (NLEM) prepared by the Ministry of Health and Family Welfare has been included in the Drugs (Prices Control) Order, 2013 (DPCO 2013) as Revised Schedule � I replacing the Original Schedule – I on 10.03.2016. The Revised Schedule – I contains 376 medicines covering net 814 formulations/packs. The Government has so far fixed the ceiling prices of 540 formulations under Revised Schedule –I of DPCO 2013. The percentage wise reduction in the ceiling price with respect to the highest price is tabulated as follows:

 

Percentage reduction with respect to Maximum Price No. of scheduled formulations
0<= 5% 129
5<=10% 74
10<=15% 67
15<=20% 68
20<=25% 61
25<=30% 42
30<=35% 33
35<=40% 18
Above 40% 48
Total formulations in NLEM 2015 540

 

Further, the NLEM and hence Schedule I of DPCO 2013 do not define lifesaving medicines separately.

 

The fixation of ceiling prices/MRP has resulted in a total saving of Rs. 5117.74 crores to the public after implementation of DPCO, 2013.

 

Public Health being a State subject the primary responsibility to ensure the availability of medicines is that of respective State/UT Governments. Under National Health Mission (NHM) support is being provided to States/UTs for strengthening of their healthcare facilities including support for NHM Free Drugs Service for provision of essential medicines free of cost in public health facilities based on the Programme Implementation Plans submitted by the States/UTs.

Alex

Recent Posts

Confluent Unveils New Capabilities to Apache Flink Offering to Simplify AI and Bring Stream Processing to Workloads Everywhere

Confluent’s new AI Model Inference seamlessly integrates AI and ML capabilities into data pipelines Confluent…

57 mins ago

PropertyGuru Group Limited to Report First Quarter 2024 Financial Results on May 21, 2024

SINGAPORE--(BUSINESS WIRE)--PropertyGuru Group Limited (NYSE: PGRU) (“PropertyGuru” or “the Company”), Southeast Asia’s leading1 property technology…

58 mins ago

Arla Foods Ingredients targets ‘holistic hydration’ at Vitafoods Europe

GENÈVE, SWITZERLAND - Media OutReach Newswire - 2 May 2024 - Arla Foods Ingredients will…

60 mins ago

Denmark’s First Female Prime Minister Joins AUW as a Patron

CHITTAGONG, BANGLADESH - Media OutReach Newswire - 2 May 2024 - Helle Thorning-Schmidt, Denmark's first…

1 hour ago

ViewQwest and Console Connect Collaborate to Deliver Seamless and Secure Cloud Connectivity for Singapore Businesses

Unleashing the Potential of the Cloud with Simplified Access, Enhanced Performance and Streamlined Management SINGAPORE…

2 hours ago

Steward Leadership 25 (SL25) 2024 Opens for Application

SL25 recognises and celebrates the 25 best projects of steward leadership excellence by for-profit organisations.…

3 hours ago