Raising the issue in the Lok Sabha, Meenakshi Lekhi said the private healthcare sector was virtually unregulated and the time has come to make them accountable and do business under a specific framework.
Citing examples of alleged malpractices, she said though the government has reduced price of stents, the hospitals have increased the rates for the procedure to insert them so as to compensate for their losses.
A stent is a device placed in an artery through surgery after removal of blockages in it to ensure proper blood flow.
She said there was a need for setting up of a body which can regulate medical practices and fix rates for various procedures.
"The telecom sector has TRAI (Telecom Regulatory Authority of India). The medical sector also needs a regulator," she said.
Currently, the National Pharmaceutical Pricing Authority (NPPA), examines drug pricing in India.
BJP MP Nishikant Dubey raised the issue of non-performing assets of the public sector banks and urged the government to ensure that the cost of capital of the banks do not go up.
"We should come out of Basel III and international financing system or defer its implementation," said Dubey.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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
