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Medical devices

Why capping prices of medical devices won't help India’s ailing

They make for good headlines, but far from helping patients, price caps can have disastrous outcomes for supply to needy patients, even as the well-heeled find ways to bypass the system altogether.
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anujgupta
16 Jul 2018 7 Mins Read 0 comment
Surgeons perform an operation at Medicity Hospital in Gurugram; In Pictures Ltd./Corbis/Getty Images Getty Images
Surgeons perform an operation at Medicity Hospital in Gurugram; In Pictures Ltd./Corbis/Getty Images
Prices of pharmaceutical products and devices are, at their core, a political issue. Pharma companies that raise prices beyond a point will always invite government attention. Earlier this month, when Pfizer raised prices of more than 100 drugs in its portfolio, US President Donald Trump had a “man to man” talk with the Pfizer CEO, resulting in a rollback.
but to break the adult-dosage ampule of 40mg to give 2mg dose for babies. A complete medical nightmare. Multiple cases of over-dosage have been reported since then. The road to affordable healthcare will have to be laid through government investment in medical-device innovation and Indian entrepreneurship. Price caps make for good headlines and are not useful for anything else.
Prices of pharmaceutical products and devices are, at their core, a political issue. Pharma companies that raise prices beyond a point will always invite government attention. Earlier this month, when Pfizer raised prices of more than 100 drugs in its portfolio, US President Donald Trump had a “man to man” talk with the Pfizer CEO, resulting in a rollback. but to break the adult-dosage ampule of 40mg to give 2mg dose for babies. A complete medical nightmare. Multiple cases of over-dosage have been reported since then. The road to affordable healthcare will have to be laid through government investment in medical-device innovation and Indian entrepreneurship. Price caps make for good headlines and are not useful for anything else.

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