Medicine Price Hike: The prices of essential medicines may increase across the country. The National Pharmaceutical Pricing Authority (NPPA) has approved a price hike of up to 50 percent. The NPA says that the purpose of this step is to ensure the availability of medicines for public health needs.
Medicine Price Hike: The National Pharmaceutical Pricing Authority (NPPA) has approved a 50 percent increase in the prices of 11 formulations of eight medicines. NPPA says that its aim is to always make medicines available for public health needs. According to the Ministry of Health and Family Welfare, this decision has been taken in a meeting under Para 19 of the Drugs (Price Control) Order, 2013. So that people can get essential medicines in the market at a reasonable price. The demand for price increase from the drug manufacturing companies was going on for a long time.
Pharmaceutical companies say that the cost of making medicines has increased. There are many ingredients which have become very expensive. Therefore, the prices of medicines have been increased. These include medicines used in the treatment of asthma, glaucoma, thalassemia, tuberculosis and mental health.
The prices of these medicines will increase
The medicines whose prices will increase include benzyl penicillin 10 lakh IU injection, atropine injection 0.6 mg/ml, streptomycin powder for injection (750 mg and 1000 mg), salbutamol tablets (2 mg and 4 mg) and respirator solution (5 mg/ml), pilocarpine 2 percent drops, cefadroxil tablet 500 mg, desferrioxamine 500 mg for injection and lithium tablet 300 mg. Earlier in the year 2019 and 2021 also, the prices of medicines were increased by 50 percent.
Also Read- RTGS facility update: Big news! Euro, Pound and Dollar transactions will be possible through RTGS, know update
What are essential medicines
This list includes those medicines which are useful for most people. The price of these medicines is controlled by the government. The companies of these medicines can increase the price by only 10 percent in a year. Anti-cancer medicines are also included in this list.
Prices had increased from painkillers to antibiotics
At the same time, the prices of 800 medicines have increased from April 1. The list of these medicines included painkillers, antibiotics and anti-infection medicines. The prices of medicines under the National List of Essential Medicines (NLEM) had increased by a record 12 per cent and a massive 10 per cent year-on-year last year and in 2022.
Related Articles:-
Announcement of 4% DA increase, Good news for these employees before Diwali, know details
ICICI Bank has announced several changes to its credit card, know the new rule
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at businessleaguein@gmail.com
