INDIA
DRUG PRICES NEED STREAMLINING TO MAKE THEM AFFORDABLE
PSUs RENDERING GREAT SERVICE BY SUPPLYING CHEAP MEDICINES
2017-12-29 12:15
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Since the cost of drugs comes to about 70 percent of the out of pocket expenditure on health, this becomes a cause of major concern. Because 80 percent of medical care in our country is in private sector and advanced tertiary care is mainly coming up in corporate sector, the cost concerns are increasing. As per the National Health Policy document 2017, every year 6.3 crore people are pushed below poverty line due to out of pocket expenditure on health. It is, therefore, very important that prices of drugs are streamlined and made affordable. Unlike consumer products, where the buyer has a choice and can decide on what to buy, medicine is something over which the patient has no choice and is dependent on medical advice. The disease is not by choice. Therefore, it is all the more essential that the cost of drugs is within the reach of every citizen. The government owes a responsibility to bring down the cost of medicines.