Cost of medicines and devices: Are we being misled?Cost of medicines, devices that are used to support and save lives are on the rise. The medical community is being blamed by many sections of the government and the public.
When we look back, there has been a sudden spurt in the players in the private sector of the healthcare industry. There is a wide range of charges and billing system criticized. Similarly, there are various brands of the same medicines that are priced with a wide range. We had a big hue and cry about heart stents and the medical community was blamed squarely for this.
If we just trace back, who grants approval for so many private hospitals? who regulates the pricing? It's the Government.
Who should regulate the MRP for various brands of the same tablets or injections? It is the Government. Who should fix the prices of the stent and the import charges etc,? It is the Government.
The Government, on one hand, needs the revenue generated from the private players in the healthcare sector. On the other hand, it seems to be pacifying the public by portraying the medical community as money-making ventures. Are we being misled? misinformed?