-The Times of India India loses Rs 69,000 crore a year—more than twice the sum of Rs 34,488 crore it set aside for the country's health budget in 2012—to small infections. What's more, an estimated 38 crore of its citizens catch small infections with the result that they lose 162 crore workdays every year. This is the shocking finding of a recent London School of Economics study that puts a question mark...
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Must poor fast to buy drugs: SC -Dhananjay Mahapatra
-The Times of India The Centre on Thursday promised to notify a new drug pricing mechanism for essential medicines by the end of November, but the Supreme Court said a change in policy must not force a sharp rise in drug prices to hurt an already hassled common man. Additional solicitor general Siddharth Luthra informed a bench of Justices G S Singhvi and S J Mukhopadhaya that a Cabinet note on the...
More »SC gives govt time till Nov 27 for final drug pricing policy -Utkarsh Anand
-The Indian Express The Supreme Court on Thursday gave one month’s time to the Centre to come up with the final version of the drug pricing policy. Maintaining that the Centre must follow a pricing formula that will prevent the prices of the drugs from shooting up, the SC agreed to wait till mid-November for the Cabinet to come up with its final version of the new pricing policy. “Drugs prescribed by doctors......
More »New drug policy by mid-November, Government tells Supreme Court -J Venkatesan
-The Hindu People have to go hungry for paying the medicine bill, says Judge The Union government on Thursday told the Supreme Court that it would put in place by mid-November a Drug Price Control Order (DPCO) after the Union Cabinet’s approval. Last week, the Bench asked the government to spell out a time frame within which a new policy would be put in place. On Thursday, Additional Solicitor-General (ASG) Siddarth Luthra told a...
More »A short-sighted cap-Chandra M Gulhati
-The Indian Express The government’s proposal to price-control certain drugs will create more problems than it will solve From clothes to cars, prices of consumer products the world over are determined taking into account input costs, margins and competition, popularly called the cost-based pricing system. Departing from this sound, fair, tried and tested principle of commerce, the government’s new drug pricing policy, approved by the Group of Ministers headed by Sharad Pawar,...
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