Thursday 22 August 2019
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business-standard - 8 days ago

Government Says Will Restrict Rise In Knee Implants Price Upto 10% In Year

The ceiling price of orthopaedic knee implants is set to be monitored such that the price increase of knee implants does not increase beyond 10% in a given year, according to a latest update from the Ministry of Chemicals and Fertilizers. The NPPA notified the ceiling price of orthopaedic knee implants on 16th August, 2017 by invoking extraordinary powers, in public interest, under Para 19 of Drugs Prices Control Order (DPCO) 2013, for a period of one year. Subsequently, vide notification dated 13th August, 2018, the applicability of ceiling prices fixed for orthopaedic knee implants was extended for another one year, up to 15th August, 2019. Accordingly, the cost of knee implants was reduced significantly, upto 69%, resulting in a notional saving of Rs.1500 crore per annum to the consumers.

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