Due to high prices earlier, poor people were not able to bear stent cost.
Price capping will regulate prices and will stop companies from becoming greedy.
It will give opportunity to Indian manufacturers to produce stents as foreign companies may not be interested because of low margins.
Looking at Indian market, companies should come up with cost effective solutions.
Low stent cost will increase medical tourism for India.
As per media reports the device’s price used to see a markup of 1000-2000% over the course of its journey to the customer.
Looking at large population of India, we need such controls to put pressure on companies to innovate which will be good for the country in long run.
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