Drugs are unaffordable, but price control is the wrong answer

There is little doubt that medicines in India are too expensive for most of the population. For the poorest 20 per cent of Indians, the expenditure on medicines alone is 85 per cent of what they spend on their health, according to the National Sample Survey. A World Bank study on the subject found that just out-of-pocket medical costs push 2.2 per cent of the population below the poverty line every year, a major countervailing force to economic growth and rising incomes.

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