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Like every year before the budget the Finance Minister is besieged with diametrically opposite demands from different segments of the industry. For example, the indigenous manufacturers ask for custom duty increases and the transnationals asks for its reduction. How will she decide? Frankly, it is not easy. Why? Because there is a lot of rhetoric and it is difficult to distinguish rhetori...

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...

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. Beca...

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?...