Abstract
In India the out-of-pocket (OOP) health care expenditure (about
70%) is much more in comparison with many other countries (only
10% in the UK). The high OOP leads to impoverishment of many
families. Every hospital admission pushes many families from APL
status into BPL status (addition per year is around 6%). High prices
for medicines and other pharmaceutical products, high doctor’s fee
and prescription of high priced medicine for ordinary diseases and
unnecessary operations are some of the reasons for high OOP. Of
all these reasons the ever rising prices of #pharmaceuticalproducts(many #branded drugs are sold at 200 to 500% profit margin though
many are under price control) is the most important one. Prices of
many drugs are fixed arbitrarily, much higher than their cost of production
(100 to 200% more).
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Pharmacy Pricing and Out-Of-Pocket Health Care Expenditure in India by J Cyril Kanmony in BJSTR
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