The Economic Survey said the fixation of ceiling prices of medicines resulted in a total saving of Rs 12,447 crores to the public. This includes the saving of Rs 4,547 crores on account of fixation of ceiling price of coronary stents, Rs 1,500 crores on account of price fixation of Knee implants and Rs 984 crores on account of Trade Margin Rationalisation (TMR) on Anti-cancer drugs. … [Read more...] about Economic Survey 2020: Expenditure on healthcare continues to be flat
Me cure healthcare
"What really impressed me was how neat, tidy and systematic everything was. I think this is a huge boon for primary healthcare... I understand the polyclinics are also a part of this ecosystem and from what little I saw I think this is an excellent programme which other states must emulate," she said adding that "we must actually replicate this across the country". … [Read more...] about Primary healthcare can play key role in combating outbreaks like coronavirus: Kiran Mazumdar-Shaw
“While 100% FDI in medical devices manufacturing has been open for a while, it remains to be seen how the new scheme for electronics’ manufacturing will play out, and more importantly how will this scheme be customized to encourage medical devices manufacturers to make in India,” Sameer Sah, Partner Khaitan & Co.Exclusive offer: Use code "BUDGET2020" and get Moneycontrol Pro's Subscription for as little as Rs 333/- for the first year. … [Read more...] about Cess on imported medical devices to make healthcare costlier
The health industry’s problem with Medicare for All When it comes to Medicare for All—Bernie Sanders’s policy to turn the government into America’s one and only healthcare payer and save us from a profit-driven healthcare system—the people pocketing the $3.6 trillion Americans spend on healthcare every year foresee some problems with it. Here is the logic as told to me: Let’s say Medicare for All gets passed. The new rule would simplify billing and reduce costs immediately. There would also be an opportunity to shift to a more value-based, preventative healthcare model. However, it would kill off a significant number of jobs. The health insurance industry employs roughly 500,000 people, per the New York Times, which says nothing of the large numbers of administrative people hired in doctors’ offices and hospitals. Economist Robert Pollin estimates the job losses from such a shift would be 2 million. Critics of this argument say that perhaps it … [Read more...] about Can high-tech capitalism fix the healthcare industry?
In accordance with a deal signed between the Jack Ma foundation and Columbia University, the 15 million yuan will be used for supporting a research project led by Dr David Ho, a world-renowned HIV/AIDS researcher with the university, state-run Xinhua news agency reported. … [Read more...] about Jack Ma teams up with Columbia University to find cure for COVID-19