Thursday 17 August 2017

Government fixes ceiling prices of Knee Implants; People of India to save Rs.1500 crore per annum

It is a step to prevent Unethical Profiteering and ensure Affordable and Quality Healthcare for the Last Man: Shri Ananthkumar

Overcharging of Knee Implants would be strictly monitored and penalized
Walking the talk of Prime Minister, Shri Narendra Modis speech on Independence Day 2017, the Government has fixed the ceiling prices of orthopaedic implants used in knee surgeries from today, informed Union Minister for Chemicals & Fertilizers and Parliamentary Affairs, Shri Ananthkumar, while addressing the media here todayBased on the numbers of about 1 to 1.lakh orthopaedic knee procedures done in India every year, there will be a saving of about Rs.1500 crore for the people of India per annumIt is a step to prevent Unethical Profiteering and ensure Affordable and Quality Healthcare for the Last Man, the Minister added.

Shri Kumar said that as per the data analysis of National Pharmaceutical Pricing Authority (NPPA), under Ministry of Chemicals & Fertilizers, there was huge margin in trade which was found to be unreasonable and in a way unethical 'profiteering'. The NPPA, while fixing the ceiling prices, has kept all the new technology implants in mind and prices have been fixed accordingly, which are as follows:


Type of Knee Implant
Average
MRP
Earlier
(Rupees)
Average
Price
Reduction
New Ceiling
Price and MRP*
(Rupees)
Cobalt Chromium (most widely used)
1,58,324
65%
54,720
Special Metal like Titanium & Oxidized Zirconium
2,49,251
69%
76,600
High Flexibility Implant
1,81,728
69%
56,490
Revision Implants
2,76,869
59%
1,13,950
Specialised Implants for Cancer & Tumour
Company specific prices; to be fixed by NPPA at Rs1,13,950
*Companies will print the MRP by adding GST on these ceiling prices

Shri Kumar informed that it is estimated by World Health Organization (WHOthat by 2020, osteoarthritis is going to be the fourth largest cause of immobility in the worldIndia has about 1.2 to 1.crore orthopaedicpatients who require orthopaedic implant surgeryMost of the diagnosed people requiring knee surgery are not able to afford because of very high costGovernment is reforming this state of affairs putting a ceiling on knee implants from today, the Minister added.

Shri Kumar said that the Government expects full cooperation from all the stakeholders including importers, distributors, retailers, hospitals etcin ensuring that the benefit of reduction of prices of knee implants reaches the last manThe Minister added that all complaints of overcharging would be strictly monitored and the overcharged amount would be recovered from erring parties with an interest of 18over itA step further, Shri Kumar added that the Government might also consider cancelling of licenses and initiate criminal proceedings against stakeholders engaged in unethical profiteering.

Other dignitaries present on the occasion were Minister of State for Road Transport & Highways, Shipping, Chemicals & Fertilizers, Shri Mansukh Lal Mandaviya, Shri Jai Priye Prakash, Secretary Pharmaceuticals and Shri Bhupendra Singh, Chairman NPPA.


Courtesy: pib.nic.in

No comments:

Extension of Emergency Credit Line Guarantee Scheme through ECLGS 2.0 for the 26 sectors identified by the Kamath Committee and the healthcare sector

Extension of the duration of Emergency Credit Line Guarantee Scheme (ECLGS) 1.0 The Government has extended Emergency Credit Line Guarantee ...