Brief History of Regulating Pharmaceutical Prices

Ajay Bhaskarabhatla
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Ajay Bhaskarabhatla: Erasmus University Rotterdam

Chapter Chapter 2 in Regulating Pharmaceutical Prices in India, 2018, pp 11-31 from Springer

Abstract: Abstract In this chapter, we begin with a historical overview of India’s efforts to design a price regulation mechanism for essential medicines and how such efforts culminated in the latest episode of price controls in 2013. The chapter documents how India began regulating nearly 350 medicines in 1970, steadily lowered the scope of regulation to 74 in 1995, and then expanded the number again to nearly 350 in 2013, completing the full circle. The historical account shows how the same set of issues have arisen during the design, implementation, and enforcement of each of the episodes of price control regulations.

Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:spr:isbchp:978-3-319-93393-1_2

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DOI: 10.1007/978-3-319-93393-1_2

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