Despite decrease in stent prices, costs remain high for patients: IMS Study
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Despite the governments attempts to bring down the prices of cardiac stents,heart patients have continued to remain burdened with overall procedural costs, which have gone up in the past three years, notes a new IMS study.
The report further states that all efforts to bring stents within affordable range for people have fallen short due to the rising drug and procedure costs; keeping the angioplasty costs high. However, stent prices did slash all across the country’s private healthcare facilities admits the report. Another observation made in the report is about how hospital margins on stents continued to increase as they didn’t pass on the price exemptions to patients. At the same time, drug and procedure prices increased 2-7%, it says.
Between 2011-2014, Costs of medical devices like stents either remained stable or declined by 6-10% per year, states the IMS Health's May 2016 report titled "Medical devices in India: Accessibility, Quality and Pricing Analysis on Cardiac Stents". The report has been commissioned by AdvaMed, a group of global device makers.
In coronary angioplasties done under the Central Government Health Scheme (CGHS) during the same period, the reimbursement limit of drug-eluting stents dropped more than 60% to Rs 24,000, while reimbursement for the procedure increased to Rs 93,000 from Rs 92,000, the report said.
The report further states that all efforts to bring stents within affordable range for people have fallen short due to the rising drug and procedure costs; keeping the angioplasty costs high. However, stent prices did slash all across the country’s private healthcare facilities admits the report. Another observation made in the report is about how hospital margins on stents continued to increase as they didn’t pass on the price exemptions to patients. At the same time, drug and procedure prices increased 2-7%, it says.
Between 2011-2014, Costs of medical devices like stents either remained stable or declined by 6-10% per year, states the IMS Health's May 2016 report titled "Medical devices in India: Accessibility, Quality and Pricing Analysis on Cardiac Stents". The report has been commissioned by AdvaMed, a group of global device makers.
In coronary angioplasties done under the Central Government Health Scheme (CGHS) during the same period, the reimbursement limit of drug-eluting stents dropped more than 60% to Rs 24,000, while reimbursement for the procedure increased to Rs 93,000 from Rs 92,000, the report said.
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