A Parliamentary Standing Committee on Health and Family Welfare has recommended a framework to identify medical devices for price regulation to address high out-of-pocket costs and price discrepancies. This proposal is part of a broader report containing 368 recommendations aimed at improving healthcare affordability, including increasing insurance coverage under Ayushman Bharat and capping hospital room rents. The suggested Medical Device Price Regulation Score (MDPRS) will assess devices based on factors such as disease burden and market size. Devices scoring 80 or above will be prioritized for immediate price capping, while those scoring lower may face trade-margin controls. The committee also emphasized the importance of balancing affordability with access to new technologies and proposed measures to enhance domestic production and procurement of medical devices. However, actual implementation of these recommendations will require governmental action and may face industry pushback.
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Link to original article source: https://medicalbuyer.co.in/parliamentary-panel-calls-for-statutory-price-capping-for-medical-devices-including-stents/
