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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

28/03/18

Ruhi Kandhari

Hospitals have increased the price for angioplasty procedures by as much as 45% to make up for the loss of revenue

They have also started negotiating medical procedure prices with health insurance companies

Abbott has withdrawn two high-end stents from the Indian market and the supply of latest stents is also limited

The patients, who have undergone angioplasty at government-funded hospitals, are not affected by price control of stents

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UPDATE: Another one bites the dust

By deciding to make a list of essential diagnostics, the big daddies of Indian health policymaking have taken the first step towards a milestone.

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