Medical Devices Profiteering

A medtronic defibrillator (heart device that gives current to revive the heart in case of an attack) in India is costing over 6.5 lakhs.

I have reason to believe that there is huge profiteering being done by hospitals and vendor-doctor nexus.

Can something be done to get these to become more affordable for common people?

Price capping? Trade Margin Capping? Something.

Are MRPs being checkef by consumer affairs dept on such devices? more  

View all 14 comments Below 14 comments
Out of curiosity I logged on to Amazon.in. The prices of defibrillators given therein are generally in thousands and not in lakhs of rupees. May be the one costing 65 lakhs is something extraordinary. more  
This is the bane of extreme capitalism. Let us not choose it in Lok Sabha elections of 2019 at least. Prices will come down once the economics of the country is put back on the wheels of "Mixed Economy". more  
All import product should be come under scrutiny. A reasonable MRP should be printed on it. more  
Here are some more inputs on CAPPING prices of MEDICAL DEVICES India is set to cap trade margins on medical devices, abandoning the current price control mechanism, as it seeks to curb profiteering as well as allay concerns of device makers, particularly importers of stents and knee implants, who have complained that price caps hurt innovation, two people aware of the matter said. The govt of India is likely to accept think tank NITI Aayog’s recommendation to cap trade margin at 65% for medical devices, the people said on condition of anonymity. According to NITI Aayog’s formula, the maximum retail price (MRP) of a device will be decided by adding the trade margin to the price at the first point of sale (stockist). The trade margin is the difference between the price at which the manufacturers/importers sell to stockists and the price charged to consumers. ., it was decided in a government meeting earlier that trade margins should start from the first point of sale. “Many expenditures are incurred by the importing companies, including clinical education on deployment, and therefore trade margins should start from the first point of sale, that is the stockist," according to NITI Aayog’s consultation paper. Mint has reviewed a copy of the document urrently, 23 medical devices have been notified as drugs and are regulated under the Drugs and Cosmetics Act. Of these, only four—cardiac stents, drug-eluting stents, condoms and intra-uterine devices—are included in the National List of Essential Medicines and are, therefore, subject to notified price caps. Last year, knee implants were brought under price controlunder para 19 of the Drugs (Price Control) Order, 2013. The remaining medical devices are not under any form of price regulation. Once the new mechanism of calculation trade margins is approved, it will be applicable on devices such as cardiac stents and knee implants, prices of which were slashed by as much as 85% using powers under the Drugs Price Control Order, 2013. more  
You can write to NPPA, on this. ( PL SEE the WEBSITE) more  
Post a Comment

Related Posts

    • Thanks LC for taking up this poll

      Covid Vaccines must have MRP. Please support the cause. Everyone please send the poll link below to atleast 5 groups. If we all do our bit of voting and sharing in no time the Govt will act.

      By Sarika Bansal
      /
    • Urgently needed - MRP on vaccines

      Why in the world there is no MRP on the different vaccines? If selling price is not shared transparently, hospitals will charge whatever they want and that is exactly what is happening. ...

      By Reeta Kumar
      /
    • Oxymeter loot by websites and shops

      See attached classic example of how sellers have been profiteering from consumers. Wake up call legal metrology controllers. If u are still taking salaries, then u must act.

      By Asha Rathi
      /
    • MRP of Remdesivir reduced

      Thanks to all the good efforts of your circles on remdesivir black marketing menace and overcharging, GOI has intervened Nd MRP of Remdesivir has been lowered. Availability though is a different ma...

      By Sarika Bansal
      /
    • Punishment for charging over MRP

      If a trader has charged me above MRP and I have receipt and packaging to prove the same, what is the process to file complaint and what is the penalty/punishment he will face?

      By Konkona Sen
      /
    • UNFAIR PRACTICE OF INFLATED MRP PRINTED ON GENERIC MEDICINE

      The government of India & the Ministery Of Health needs to stop the malpractice of printing inflated MRP on generic medicine. A generic medicine that has an MRP of Rs.120. can be purchased from...

      By NAVNEET SARIN
      /
    • Fictitious MRP practice continues

      See attached product called special pillow cover packaged product with selling price of INR 699. For everyone’s reference I am sharing the label of the product which displays MRP o...

      By Sarika Bansal
      /
    • Nykaaa portal charging more than MRP

      Lot of women who order through portals like nykaa and myntra dont actually check receipt mrp and tags/label on product. See attached recent case with me. Mrp 160 charged 183. Problem is...

      By Gouri D
      /
    • LC your cant charge above MRP movement is working

      Great case study circles. Here in hyderabad meridian restaurant charged a consumer 10 rs over MRP and had to pay a fine of INR 25000. All legal metrology controllers must wake up to implement this ...

      By Nikita Mehra
      /
    • Multiple Quantity price online is an issue

      See attached Printed MRP of 1 pen Rs. 400; So MRP of 3pens Rs.1200. Amazon seller onlinestationeryshop claims 3 pens' MRP Rs.1500, Post discount price 1380. Thus seller is charging Rs.180 more than...

      By Meeta Sinha
      /
    • Price Vs Quantity of Products

      Dear Learned Reader, Wishing everyone a very happy & prosperous New Year 2021. I wish to bring to your kind notice that after the breakout of Covid19 most of the manufacturer ...

      By Anoop Kishore Bhatnagar
      /
Share
Enter your email and mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

All My Circles
Invite to
(Maximum 500 email ids allowed.)