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  »   Current Affairs   »   Drug Price Regulation

Drug Price Regulation

August 31, 2023

GS Paper III Indian Economy

Context: 

Recently, National Pharmaceutical Pricing Authority (NPPA) has brought 44 new drugs under price control.

About Drug Price Control

  • Drug (Prices Control) Order (DPCO), 2013: Prices of drugs in India are regulated as per provisions of Drugs (Prices Control) Order, 2013, by NPPA, under the aegis of Department of Pharmaceuticals (DoP).
  • Role of DPCO: It controls the prices of all essential medicines by fixing ceiling prices, limiting the highest prices companies can charge. 
  • National List of Essential Medicines (NLEM) is drawn up to include essential medicines that satisfy the priority health needs of the population. 
    • NLEM is updated periodically by an expert panel set up under the aegis of the Ministry of Health and Family Welfare. 
    • It forms the basis of price controls under the DPCO.
  • Role of NPPA: It fixes the ceiling price of scheduled medicines. 
    • It also fixes retail price of ‘new drugs’ for existing manufacturers of scheduled formulations. 
    • For non-scheduled formulations, a manufacturer is at liberty to fix its maximum retail Ppice (MRP) but cannot increase the same by more than 10% of what was prevalent during the preceding 12 months.

News Source: Livemint

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UDAAN PRELIMS WALLAH
Comprehensive coverage with a concise format
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हिंदी में भी उपलब्ध
Quick Revise Now !
UDAAN PRELIMS WALLAH
Comprehensive coverage with a concise format
Integration of PYQ within the booklet
Designed as per recent trends of Prelims questions
हिंदी में भी उपलब्ध

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