Australian Government Steps In As Insurers Demand 45% Cut In ‘Overpriced’ Prostheses
This article was originally published in Clinica
Executive Summary
The Australian government has established a working group to develop a model for reforming pricing structures for medical prostheses. The move is in response to an outcry by private healthcare insurers accusing medtech industry of benefiting from “extremely high margins” for these products; the insurers are calling for a 45% reduction in prices which they claim is a reasonable target.