penny-wise, pound-foolish

Stent price control was a short-sighted move, right? Here’s how

Eight months ago, the drug regulator cut down hospitals’ margins. Now, the hospitals are making up for the lost revenue leaving the patient helpless

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As far as the popularity of any health policy goes, price ceiling for stents has made it right to the top. Just before Uttar Pradesh elections, Prime Minister Narendra Modi used it at a rally to woo the voters. The PM claimed that he was committed to providing affordable healthcare to everyone by reprimanding and controlling the profit-motivated businesses. Only if its simplicity and popularity made healthcare affordable.

Eight months later, the cheer from the crowds is followed by some behind-the-door discussion in fine print. Hospitals’ message: you…

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