Patients to withstand the worst part of expensive medical devices

Patients may need to pay more for diagnostic tests and medical procedures. Critical prices are expected to increase marginally, with a 5% tax on their imports.

The industry of more than $ 5 billion depends heavily on imports, with around 70-80% of imports, including imaging equipment (CT scanners, MRI scanners), syringes, surgical gloves and critical care equipment they represent a great part. With the imposition of a health tax, the effective rate of the tariff is expected to increase to 5.25% and 7.87% of 5% and 7.5% respectively, which will increase their prices. This can be transmitted to patients, said an industry representative. Currently, medical devices pay taxes on slabs of 0%, 5% and 7.5%.

The national industry, which has been demanding equal conditions and incentives for growth for a long time, is disappointed with the small increase of 0.25%. He says he is at a disadvantage and receives `` maternal treatment '' in public procurement, due to lower-priced imports.

`` We hoped that the government would advance in the promised reforms and anticipated conductive measures to boost the national manufacture of medical devices. It is frustrating that, against our expectations, the government has not included any measures to help end the dependence on imports of 80-90% imposed on us and an increasing import bill of more than Rs 38,837 million Rupees, Rajiv Nath, forum coordinator of the Association of Indian Physicians Device Industry (AiMeD) told TOI.

Live plus Only a meager increase of 0.25% to protect national manufacturing and motivate merchants to become manufacturers, says GSK Velu CMD of Trivitron Healthcare, which manufactures imaging and detection equipment.

In general, he is excited about initiatives that include the use of tax revenues to finance government hospitals in Tier I and II cities, and retention support for the pharmaceutical industry for the technological update and R&D.