Recent reports on the hike in prices of antibiotics, painkillers, and other essential medicines have sparked confusion. The National Pharmaceutical Pricing Authority (NPPA) announced a marginal hike in the cost of select medicines by 0.00551% starting April 1, according to a notification reported by @BShajan. Contrary to some media reports suggesting a significant increase, the Ministry of Health and Family Welfare and the NPPA clarified that the adjustment is based on the annual revision of ceiling prices of scheduled medicines, which follows the Wholesale Price Index (WPI) increase. Additionally, health plans' net prices for medicines, after accounting for rebates, discounts, and fees, actually fell by 2.8% in last year's fourth quarter. The government has refuted claims of a significant price hike, stating such reports are false and misleading.
Government says that media reports claiming significant hike in prices of medicines are false and misleading. Union Health Ministry says, these reports further claim that more than 500 medicines will be affected by the increase in price. The @MoHFW_INDIA says, such reports… https://t.co/mbYK8076bA
Medicine Price Hike: Essential drugs getting costlier? Govt answers https://t.co/wtmLcfWsDM
JUST IN | Government denies reports of significant hike in price of medicines from April 1 https://t.co/ExjpNuuTrE
Myth vs. Facts ➡️ Media Reports claiming significant hike in prices of medicines are false and misleading ➡️ National Pharmaceutical Pricing Authority (NPPA) annually revises ceiling prices of scheduled medicines on the basis on Wholesale Price Index ➡️ Based on WPI increase…
#HealthForAll 𝐌𝐲𝐭𝐡 𝐯𝐬. 𝐅𝐚𝐜𝐭𝐬 Media Reports claiming significant hike in prices of medicines are false and misleading NPPA annually revises ceiling prices of scheduled medicines on the basis on Wholesale Price Index Based on WPI increase of 0.00551%, there will be…
The net prices that health plans paid for medicines — after subtracting rebates, discounts, and fees — fell by 2.8% in last year’s fourth quarter. https://t.co/Eu5z9gSHyu
Cost of antibiotics and painkillers have registered a marginal hike in cost starting April 1 with the drug price regulator NPPA's latest notification allowing price hike for select medicines by 0.00551%, reports @BShajan https://t.co/rmrHjAFPnh