The Indian government has cut prices of knee implants, after a regulatory report found that importers, distributors and hospitals were earning hefty and unjustified trade margins ranging from 67% to as much as 449% on knee implants. The government also capped the prices of specialized cancer treatment implants.
India Strikes Pricing Blow To Knees After Stent Cuts
Six months after imposing stiff price controls on cardiac stents, India’s government slashed costs of knee implants by nearly 70%, saying the action was necessary to end “unethical profiteering.”
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