Summary
The cap is set at 30% of the highest allowed price, which could cut costs by up to 70%.
The change will start on November 9 and includes 137 medicines used for many kinds of cancer.
Key Points
3 points1
The National Pharmaceutical Pricing Authority announced the new limits.
2
The rule aims to make treatment cheaper for families.
3
Pharmacies and hospitals must show the new prices to customers.
New Words to Learn
5 wordsNational Pharmaceutical Pricing Authority
the Indian agency that controls medicine prices
maximum retail price
the most a shop is allowed to charge for a product
cancer drug
medicine that helps treat cancer
trade margin
the profit a shop adds to the basic price
cap
a maximum limit that cannot be exceeded
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