Drug Price Control Order Act (DPCO Act) – Well, Drug Price Control Orders (DPCO) is issued by the Government using the powers conferred on it under section 3 of the Essential Commodities Act, 1955 to enable the Government to declare a limited amount of important and life-saving medicines to ensure that these drugs are available at a reasonable price. Also, the Recent Drug Price Control Order was issued on 15.05.2013 by all means. So, here are in this blog of Lifevision Healthcare, we are going to explain to you about the Drug Price Control Order Act (DPCO Act).
However, price controls apply to what is commonly famous as Prescribed Drugs which are those drugs listed in Schedule I of the Drug Control Regulation (DPCO) issued by the Government of India from time to time.
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However, According to WHO estimates, the economic impact of medicines is huge, especially in developing countries. Moreover, spending on medicines should be less than one-fifth of the total public and private health spending in most developed countries. Apart from this, in many low-income countries, prescription drugs are a major government expenditure on health care after labor costs and huge domestic health costs. Additionally, the cost of serious illness in the family including drugs is a major factor in the family’s death. In addition to this, despite the potential health effects of essential drugs and despite the high cost of drugs, lack of access to essential medicines and low drug levels remain major public health problems worldwide.
Well, India is one of the countries with the highest cost of out-of-pocket health care. Moreover, drug costs include more than 67% of out-of-pocket expenses in health care. Additionally, post costs and increased financial protection for families. According to WHO estimates, about 65% of Indians do not have regular access to essential medicines. Furthermore, this is puzzling given the fact that India is one of the largest producers and suppliers of generic medicines in the world currently by all means.
However, the 2014-15 Annual Report of the department of medicine identifies certain instances of such price differences when certain brand medicines come at a cost 17 times higher than standard versions. In some cases, prices have dropped by almost one-third in some areas when people were purchasing publicly through an open tender. Additionally, it was reflecting the average profit margin for producers in these cases.
The role of the medical representative is to create the need for an existing product or to introduce a new product that ensures the availability of stores and stocks. Additionally, the Role of Medical Advocacy is very challenging. And, they represent the whole company somewhere. Also, they have to work hard from morning till midnight at various hospitals, clinics, doctors’ rooms, pharmacies, etc. However, they have to meet different kinds of people doctors, nurses, pharmacists, clinic managers, and sometimes even ordinary people.
Well, they should achieve their goals by producing instructions. They need information about the human body and microbiology. They need to be proficient in product knowledge, marketing skills, communication skills, problem-solving skills, and time management to be a good Medical representative. Medical Representatives are the building blocks of the company. They build a company platform in front of customers and share a vision, promote the company’s products and achieve the goals which in turn are beneficial for the company’s revenue.
We have provided all the relevant information regarding the DPCO in this blog of Lifevision Healthcare. However, if you have any doubts still, you may contact the below-given address.
NAME – Life Vision Healthcare
ADDRESS- PLOT NO 11-12, DAINIK BHASKAR BUILDING,
SECTOR 25-D, CHANDIGARH – 160014, INDIA
PHONE NO.- +91 9878977174
EMAIL – firstname.lastname@example.org, web@lifevisionhealthcarechd