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Delhi to cap profit percentage on drugs in private hospitals

Jain said the government had not fixed any particular profit percentage and left it to the experts to decide.

IANS  |  New Delhi 

Satyendra Jain
Satyendra Jain

The on Wednesday formed a nine-member committee which will work to cap the profit percentage on medicines and consumables in the city's private hospitals, Health Minister said.

Addressing the media here, Jain said the decision was taken after several complaints of astronomical profits being made by on medicines and consumables.

Jain said the committee had experts including President of the Indian Medical Association K.K. Aggarwal and Medical Council President Arun Gupta, among others.

"Take a genuine profit, but 1,000 per cent or 500 per cent margin is not acceptable," the minister said.

Jain said the had not fixed any particular profit percentage and left it to the experts to decide.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Wed, December 13 2017. 17:38 IST
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