NEW DELHI: The Government today capped prices of knee implants at a significantly lower rate than current market rates, a move that could result in savings of Rs 1,500 crore annually to patients requiring surgery.
The decision comes a day after Prime Minister Narendra Modi announced from the ramparts of Red Fort in his Independence-Day speech that prices of knee surgery would be brought down.
As part of the initiative, the National Pharmaceutical Pricing Authority (NPPA) has capped the price of widely used Cromium Cobalt knee implants at Rs 54,720.
It used to cost between Rs 1.58 lakh and Rs 2.5 lakh earlier. (AGENCIES)
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