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Colombia to regularise prices of medical devices

20-Mar-15, Global Health Intelligence

Columbia’s Ministry of Health & Social Protection has announced new price regulations for medical devices effective 5 March 2015. Medicated coronary stents will be the first device to come under price regulation, followed by cochlear implants, hearing aids and orthopedic devices.

Colombia to regularise prices of medical devices (c) mashmedical

Image: mashmedical

The move is expected to result in 36% reduction in prices of medical devices; and USD14 billion worth annual savings for the national health system. 

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