Enforcing Trade Margin Capping of Medical Devices: Inputs Sought
LocalCircles tracks success of any policy interventions by seeking your feedback and the same has been done in this case. Based on your inputs, this intervention is only seeing limited success as the survey report below indicates:
The Government is now considering moving from price capping to capping of trade margin. LocalCircles based on the survey report believes that such a move should not be made till a robust enforcement mechanism is put in place by the Government as now the medical devices in scope will go up from 2 to 24 and every company could theoretically have a different cost base for different medical devices thereby leading to a very complicated model.
We seek your inputs on how should this enforcement work. Leaving it in the hands of a state legal metrology inspector may be asking for too much given the complexities. Do share your ideas on how the enforcement should be done, at the state and local levels so the trade margin capping is successful. more
Unless the government is able to make them obey and verify each case routinely, it may be difficult to give the desired result to the patients and patient parties.
It is very clear that all medical companies including the great names do no service to the humanity but are essentially making huge profits at the cost of patients. And each one requires to be reigned in. more