The national centralized drug procurement (NCDP) policy, known as the “4 + 7” policy in China, has transformed pharmaceutical procurement and access by leveraging healthcare institutions’ collective buying power to reduce drug prices substantially. This policy has profoundly impacted drug pricing mechanisms, healthcare expenditures, market dynamics, and the quality of available drugs. This commentary evaluates the efficacy, challenges, and broader implications of the NCDP, summarizes the current state of post-marketing monitoring of selected generic drugs for centralized procurement, and presents relevant considerations.