An injection or a syringe costs around Rs2 to make, but an average Indian patient buys it at five times the sum. The single-digit ‘profit’ on an injection may seem trivial till one notes that three billion injections are sold across India annually, revealing that patients as a group are overcharged by billions of rupees each year.
The import price of a popular hip implant is Rs8,906, but by the time it’s marked on a patient’s bill, it costs Rs1.29 lakh, a markup of 1,448%.
These are two examples TOI found after talking to distributors of medical devices a day after the NPPA capped prices of cardiac stents at Rs29,600 apiece. Full Story