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Levitt and Dubner in their book Freakonomics quote a medical study which found that obstetricians in areas with declining birth rates are much more likely to perform cesarean section deliveries than obstetricians in growing areas – suggesting that when incomes start falling doctors try to ring up more expensive procedures. This is an example of a treatment bias. Is it possible that the stent-price control could also be giving birth to treatment biases. (Just as a background – Stent … [Read more...] about Can price control create treatment Bias?

Throughout history there have been many instances of governments wanting to control prices. In most of these instances, the often-well-intentioned price control has inadvertently hurt access or at least brought down the quality of the sector. The attempt to control prices of medical services is not new. It dates back to several millennia. The first medical technology was Religion. Because more than a couple of thousand years ago whenever a natural disaster occurred or a disease struck or … [Read more...] about History of healthcare price control and its latest turn in India

In an exclusive interview with Arunima Rajan, Pavan Choudary, Chairman of the Medical Technology Association of India (MTaI), discusses the pricing framework for medical devices, shedding light on its critical aspects and implications for the industry. What are the key considerations or factors that the NPPA should take into account while developing the new pricing framework for medical devices? Any price control has the potential to distort the market. Considering that the medical device … [Read more...] about Navigating the Complexities of Medical Device Pricing: Insights from Pavan Choudary

… [Read more...] about Two Minute Gyan – The Deep Slice Video Series – The Tribune – 28th June 2019

Any account of how the Modi government has fared on this front should begin with what the BJP promised in the 2014 election manifesto and whether and to what extent has it been able to keep these promises. Staying within the area of my expertise, I will restrict my argument to the medical technology and hospital sector and assess the government’s performance on some of the most important indices. These two sectors, coincidentally, are those where the government has been most active. The BJP … [Read more...] about Modi: The Much-Needed Antibiotic – Some Side Effects too