Your med­i­cal bills may come down in 6 months

Govt plans to prune profit mar­gins of chemists, whole­salers

Hindustan Times ST (Mumbai) - HT Navi Mumbai Live - - FRONT PAGE - Hi­mani Chandna hi­mani.chandna@hin­dus­tan­

NEW DELHI: Drug prices may see a sharp drop with the gov­ern­ment plan­ning to prune the profit mar­gins of chemists and whole­salers, a move that will es­pe­cially prove to be ben­e­fi­cial to those bat­tling can­cer, heart, kid­ney and liver ill­nesses. The re­tail price of some of the drugs is 11 times (1000%) higher than their pro­duc­tion cost, but the gov­ern­ment wants to lower drug prices.

“We plan to cap traders’ mar­gin at around 100% across drug cat­e­gories — generic, branded, sched­uled and non-sched­uled,” min­is­ter of state for chem­i­cals and fer­tilis­ers Han­sraj Gan­garam Ahir told HT on Tues­day. “Chemists and dis­trib­u­tors are cur­rently charg­ing ex­or­bi­tant mar­gins which are as high as 1000% and above… Controlling and squeez­ing the mar­gins would bring down the prices…”

A no­ti­fi­ca­tion could be sent out in the next six months, the min­is­ter said.

Pharma firms do not of­fer big mar­gins on over- the-counter drugs such as Crocin and Dis­prin due to com­pe­ti­tion.


Newspapers in English

Newspapers from India

© PressReader. All rights reserved.