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What should be done to control corporate price hike?!

 inherent lacunae in indian health care systems.

The poor quality of services offered in the public health sector and lack of  scientific pricing policy over the corporate care’ and disintegrated pricing policy over  the pharma  sector are 3 main challenges in india.

Ravi Duggal, a public health activist claims that the smaller private hospitals are still humane and are sensitive to patient circumstances. But corporate and big  hospitals, whose bed occupancy and revenues are dependent on insurance-backed patients or medical tourism patients, still try to maximise their revenues, often through malpractice. "This drives up the cost of care for most patients, and even with cashless insurance coverage, they end up shelling out huge sums out of pocket due to unethical functioning of such hospitals."

Pricing of drugs

Low drug prices are now history in India. The high cost has a direct correlation with drug prices. The earlier drug price control regime reined in the drug prices and kept them affordable, but now, many experts think prices are more or less similar to other countries.

"Civil society actions continue to put pressure for price regulation, and hence certain anti-cancer drugs or devices like stents have had a leash on their prices, but the present government is least concerned about regulating drug prices, and this is a matter of concern, and we have seen this play out during the COVID-19 pandemic where many drugs became even more expensive because of the absence of adequate regulation,

There is a government policy for pricing some drugs and devices, but it does not cover all drugs and devices. But it’s not satisfactory.

"Even the prices of drugs, devices and packages fixed by the government are higher than the sum of cost of production, investment in Research & Development and a reasonable markup. The formula adopted for price fixation is irrational,"

Health Technology Assessment Board should provide cost-effectiveness before new technologies are introduced. Most of the time, technology drives cost up. Health Technology Assessments (HTA) includes quantifying whether an investments are both clinically efficient as well as cost-effective.

Malpractise and unethical practices in corporate hospitals:

unnecessary procedures, interventions, diagnostics,unethical services on one side and charges based on what their clients can afford or what insurance is willing to pay –are two ill defined behavior in all  corporate hospitals.

The govts proposed Reforms are underway in the system-- the stride toward the achievement of Universal Health Coverage for its 1.4 billion population but the main hindrance is Centre’s expenditure on healthcare which still remains around 1.8% (FY2021) of the GDP as per the Economic Survey 2021.

do we need healthcare pricing reforms in big corporate hospitals?

Healthcare pricing has always been a tricky issue as there are two extremes in our healthcare sector. On the one hand, basic healthcare requirements are going unmet for millions of India's poor, and on the other hand, frugal innovation is driving many advances in making healthcare accessible, affordable and even used by the developed nations.

A robust healthcare pricing strategy will have to account for various costs -- infrastructure, manpower, equipment and its maintenance, overhead expenses -- and will be influenced by the plethora of services provided at a facility.

 

There are several ways to look at the pricing of healthcare.

"How much the public system charges for a specific treatment within the sector, at what price have they outsourced the specific service/treatment/diagnostic/ambulatory service, how do insurance companies fix prices and negotiate it with hospitals in public/private setting, how much do private sector players charge and finally, who drives/controls the pricing - whether it is the public sector, the public-private partnership (PPP), private hospitals or the medical insurance companies,

“In one way, insurance can set the price low and negotiate it with the hospitals. Many hospitals empanelled themselves under government-funded schemes like RSBY/PMJAY but paid/reimbursed only a fraction of the hospital cost. The households paid more than half of the cost incurred in the hospitals despite them being enrolled under public or private insurance. So in effect, neither the government has regulated the healthcare pricing system nor has the insurance system, and naturally not the private hospitals themselves. The private sector is driving the cost,”

The way out: Promoting efficient provider-decision making

“If India allocates adequate public funds to build the public system, all pricing issues can be controlled easily,”.

 “Currently, India has adopted a mixed kind of model of financing and provisioning, where different players provide different types of care. The primary/secondary care must be taken care of within the public system. This is important because more than 63% of the out-of-pocket (OOP) payment paid by the households is outpatient care that is not covered under any insurance.

 “High-end services can be opened up for the private sector, and the government can extend protection for those who can pay for such services. The government must force the private sector to offer (hospital) services at PMJAY price to all (even if someone is not covered) since they (hospitals) have empanelled themselves under it.

 “Price regulation is necessary. There are some examples of government intervention, though a little late, during COVID-19 time, of controlling the price of testing/treatment at least in some cities/states. The new emerging technology is going to affect the care as well as cost in a big way.

Digital things(IOT,AI,Wearables,5G net) will help in reducing the consultancy fee and diagnostic charge hopefully. The private sector, however, entering into it differently, in my opinion, over time, will end up identifying the patients for private hospitals where the cost of care would be high.

"At present, over four crore patients are hospitalised in a year, but technology will drive the number up. So hospitals will be getting more patients in the times to come, and more households will contribute to their profit kitty. There is no direct answer to whether it will reduce the hospital's price and improve the overall health of the population,"

 

When politicians and policy makers talk about cost reduction and “bending the cost curve,” they are typically referring to how much the government or insurers pay to providers—not to the costs incurred by providers(hospitals) to deliver health care services. Cutting payor reimbursement does reduce the bill paid by insurers and lowers providers’ revenues, but it does nothing to reduce the actual costs of delivering care!

It is a well-known management axiom that what is not measured cannot be managed or improved.

The remedy to the cost crisis does not require medical science breakthroughs or new governmental regulation. It simply requires a new way to accurately measure costs and compare them with outcomes.

 

In the 3rd.Post of the series,we will discuss the following…

Understanding the Value of Health Care

The Challenges of Health Care Costing

Costing the Patient: A Simple Example

 

 

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