E-Paper
Ceiling of medicine prices helped save ₹11,463 crore to public: Govt
Till June 2018, the government has fixed the ceiling prices of 851 medicines, including 4 medical devices under revised schedule- I based on the National List of Essential Medicines, 2015.
The government on Tuesday said fixation of ceiling prices of medicines has resulted in a saving of ₹11,463 crore to the public after the implementation of the Drugs Prices Control Order 2013.
The information was given in a written reply to a question in the Lok Sabha on the benefits accrued to citizens due to reduction in the prices of essential medicines in recent past.
“...fixation of ceiling prices/MRP of medicines has resulted in a total saving of ₹11,463 crore to the public after implementation of DPCO, 2013,” minister of state for Chemicals and Fertilizers Mansukh L Mandaviya said.
This includes the saving of ₹4,547 crore on account of fixation of ceiling price of coronary stents (including re-fixation) and ₹1,500 crore on account of price fixation of knee implants, he added.
Giving details, Mandaviya said since May 2014 to February 2016, consumers saved ₹2,422 crore under the National List of Essential Medicines (NLEM), 2011.
During the period from March 2016 to June 2018, public saved ₹2,644 crore under NLEM (2015), he added.
A total saving of ₹4,547 crore reported due to fixation of ceiling prices of coronary stents in Feb 2017, including re-fixation in Feb 2018.
People saved ₹1,500 crore on account of fixation of the prices of knee implants in Aug 2017, the minister said.
Consumers saved ₹350 crore on account of fixation of prices of cardiac and anti-diabetic drugs in July 2014, under provisions of Para 19 of the DPCO 2013, Mandaviya said.
Till June 2018, the government has fixed the ceiling prices of 851 medicines, including 4 medical devices under revised schedule - I based on the National List of Essential Medicines, 2015 (NLEM, 2015), he added.
