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Healthcare Industry supports Govt’s Move to Cap Knee Implant Prices but is skeptical about implementation

Orthopaedic surgeons, implant manufacturers, Industry bodies all welcome government’s move to cap prices of orthopaedic knee implant. Yesterday, the govt issued orders to cap prices of knee implants reducing prices of available implants to as low as 65%. Union Minister for Chemicals & Fertilizers and Parliamentary Affairs, Shri Ananthkumar, while addressing the media said, “Government expects full cooperation from all the stakeholders including importers, distributors, retailers, hospitals etc. in ensuring that the benefit of reduction of prices of knee implants reaches the last man.” The 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 18% over it. A step further, Shri Kumar added that the Government might also consider cancelling of licenses and initiate criminal proceedings against stakeholders engaged in unethical profiteering.

The Association of Indian Medical Device Industry (AiMeD) issued a statement to laud the government’s new order.

The statement said: AiMeD welcomes Govt’s move to cap prices of orthopaedic knee implants for ensuring no profiteering and affordable access but wish smooth transition for re-labeling and a systemic correction of skewed market place that currently does not allow choice of brands to …

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