Acting quickly on PM Narendra Modi’s Independence Day guarantee to find a way to get control over healthcare costs, the government on Wednesday said it is putting knee implants under price control.
A day after Prime Minister Narendra Modi guaranteed the nation from the defenses of the Red Fort on the event of India’s 71st Independence Day of cutting down the prices of knee surgery, Union Minister for Chemicals and Fertilizers Ananth Kumar said National Pharmaceutical Pricing Authority (NPPA) has settled the selling price of knee implants from Rs 54,000 to Rs 1.14 lakh, contingent upon the kind of transplant, which implies almost 70 percent lower than the greater part of the surgery costs.
The NPPA has likewise framed diverse sections in view of the implant material and the piece of the knee that should be supplanted. The cancer patients, who require an implant, will now need to pay Rs. 1,13,950 for specific implants. The prior cost was Rs. 5 lakh or more.
Kumar additionally expressed that the government will make a stringent move against hospitals, importers, and retailers on the off chance that they charge in an overabundance of the MRP.
The government said there was “unjustified, nonsensical and silly” profiteering and exchange edges on these gadgets, prompting extravagant prices that push up patients’ out-of-stash costs. Indeed, the high costs make treatment excessively expensive for some who require arthroplasty systems.
After the cardiac stent price top, international manufacturers, for example, Abbot and Boston Scientific had given pulling a shot their most recent era of stents from the Indian market, briefly making a deficiency terrify.