India slashes cost of cancer drugs after court rules mark-ups are 'extortion'
Reported byGuardian Global Development ↗·Sourced by Goodlede
India's supreme court ruled that hospitals and retailers charging mark-ups averaging 170% on cancer drugs constituted 'extortion,' prompting the government to cap prices on 137 cancer medications by up to 70% starting next month, following a case filed by retired bank clerk Sarojam Radhakrishnan who could not afford her breast cancer treatment at 63,000 rupees monthly.
The price caps apply to 137 drugs; implementation begins next month.
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