The government will not allow knee implant costs to increase more than 10% in a year
New Delhi, August 13 () The government said Tuesday that the maximum price of orthopedic knee implants will be monitored to ensure that the cost does not increase more than 10 percent in a given year.
Although the industry has requested a 20 percent increase (10 percent for the year 2018 and 10 percent for the year 2019) in the price of knee implants, it was decided to continue controlling the increase in knee implants according to paragraph 20 of the DPCO, 2013, which restricts the price increase beyond 10 percent in a given year. This will be subject to a review after one year, an official statement said.
The NPPA notified the maximum price of knee orthopedic implants on August 16, 2017 by invoking extraordinary powers of public interest, pursuant to paragraph 19 of the Drug Price Control Order (DPCO) 2013, for a period of one year.
Subsequently, the applicability of the maximum prices set for orthopedic knee implants was extended for another year, until August 15, 2019.
Consequently, the cost of knee implants was significantly reduced, up to 69 percent, which resulted in a notional saving of Rs 1.5 billion per year for consumers. The NPPA, at its meeting held on August 8, 2019, reviewed the matter. It was noted that there has been greater access because knee implants have become affordable. According to data submitted by manufacturers and importers, a 30% increase in knee implant sales was reported during the period from July 2018 to June 2019. The knee implant is an unscheduled medical device/medication for which DPCO, 2013 allows an annual increase of up to 10 percent of MRP. However, this was not allowed in 2018. RSN MKJ