Government to regulate knee implant prices

Image
IANS New Delhi
Last Updated : Aug 16 2017 | 6:22 PM IST

The government has decided to bring all knee implant surgeries under regulation in order to control their prices, Union Minister Ananth Kumar said on Wednesday.

Kumar said around 1.5 lakh knee implant surgeries are conducted in the country every year, adding that the move to regulate knee implant prices would save around Rs 1,500 crore for the patients.

"In our country there are 1.5 to 2 crore patients who need knee replacement surgery but hospitals, especially private ones, have increased prices to earn unreasonable profits," he told reporters here.

"To stop this rampant profiteering and make it convenient for people to get knee surgeries done, the government has taken this decision," he added.

--IANS

vv/amit/dg

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 16 2017 | 6:02 PM IST

Next Story