Video: This is why your knee surgery will be cheaper now

New Delhi: Keeping his Independence Day promise the government has slashed knee implant rates.Earlier knee replacement was out of reach of middle and lower middle class. Now they can afford it.

Explaing how this impossible became possible in India  Dr Anurag Agarwal, Surgeon at Pt Deen Dayal Upadhyay District Hospital said, "Government saw cost at which the implant is brought to India. Wide margins were scrapped  and rates were brought down after capping. Further adding on centre's decision on slashing knee implant prices he said, "After capping, rates are now fixed and patients know what they're paying for."

Earlier implant rate wasn't transparent and varied from hospital to hospital.

Acting swiftly on PM Modi's Independence Day promise to take steps to rein in healthcare costs, the government capped the price of knee implants at a significantly lower rate than current market rates, a move that could result in savings of Rs 1,500 crore annually for patients requiring surgery. The decision comes a day after Prime Minister Narendra Modi announced from the ramparts of Red Fort in his Independence Day speech that prices of knee surgery would be brought down. As part of the initiative, the National Pharmaceutical Pricing Authority has capped the price of widely-used Chromium Cobalt knee implants at Rs 54,720. It used to cost between Rs 1.58 lakh and Rs 2.5 lakh earlier. "After cardiac stents, we have now decided to bring knee implants under price control," chemicals and fertilisers minister Ananth Kumar told reporters here. The move will result in savings of around Rs 1,500 crore annually for an estimated 1.5 lakh patients requiring knee replacement surgery every year, he added. Justifying the move, Kumar said, "The government will not be a mute spectator to illegal and unethical profiteering." He further said the government will take stringent action against hospitals, importers and retailers if they charge more than the MRP. 

News24Bureau with Agency inputs