Exclusive: Health fund members could face exorbitant out of pocket expenses for devices like hip and knee replacements, stents and pacemakers under major reforms being considered by the federal government. And from 2022 surgeons could also be stopped from selecting the best medical devices to treat their patients, manufacturers of the products claim. At present health funds have to reimburse the full cost of any medical device on the government s prostheses list but Australians are being massively overcharged. Private patients pay double the price of those overseas and 45 per cent more than public hospitals. The changes have been proposed by the Department of Health and private insurers ahead of the May budget which could see an average price set for medical devices.
Coronavirus pandemic underlined need for higher budget allocation for healthcare sector
India
Published: Sunday, January 24, 2021, 12:51 [IST]
New Delhi, Jan 24: The COVID-19 pandemic has emphasised the key role of healthcare in the lives of people, underlining the importance of higher budget allocation for improving the healthcare infrastructure in the country, sectoral players said.
The pharma sector which has played a leading role as the pharmacy of the world said it expects support and incentives especially for research & development and innovation in the coming budget. The pandemic has completely changed the dynamics of the Indian healthcare ecosystem, NATHEALTH President and Apollo Hospitals Executive Vice-Chairperson Preetha Reddy told PTI.
Updated Jan 24, 2021 | 18:19 IST
MTaI Chairman and Director General Pavan Choudary said respecting the PM’s appeal to save livelihood, the MedTech industry strived to protect jobs even in this inclement weather. COVID-19 pandemic underlined need for higher budget allocation for healthcare sector | Photo Credit: BCCL
New Delhi: The COVID-19 pandemic has emphasised the key role of healthcare in the lives of people, underlining the importance of higher budget allocation for improving the healthcare infrastructure in the country, sectoral players said.
The pharma sector which has played a leading role as the ‘pharmacy of the world’ said it expects support and incentives especially for research & development and innovation in the coming budget.
BPH Energy Limited (ASX:BPH) Cortical Dynamics Patent and Advisory Panel Appoint Update
Cortical Dynamics Patent and Advisory Panel Appoint UpdatePerth, Jan 22, 2021 AEST (ABN Newswire) - BPH Energy Ltd (
ASX:BPH) investee company Cortical Dynamics Ltd ( Cortical ) is pleased to announce the issuance of European Patent Number 2088924 Neurodiagnostic Monitoring and display System in Belgium, France, Germany and United Kingdom.
Cortical has developed an extensive patent portfolio encapsulating the BARM, providing critical patent protection across a number of key brain monitoring markets.
Corticals competitive advantage is underpinned by a strong patent position covered by six patent families and 26 granted patents.
Currently, Cortical has patents awarded in Australia, New Zealand, Japan, the People s Republic of China, Europe and the United States.
Health Insurance Premiums to Rise
The federal government has authorised a rise in private health insurance premiums that will cost families an extra $126 a year on average.
The 2.74 percent annual increase will take effect from April and builds on rises of 2.92 percent this year and 3.25 percent in 2019.
Almost 14 million Australians will be impacted by the cost increase.
A single person will pay an extra $1.14 per week, and a family will pay $2.44 more a week.
But Health Minister Greg Hunt says it’s the lowest annual average premium increase in 20 years.
“Australian government reforms mean private health insurance will continue to offer Australian families affordable choice and flexibility in their health care,” his office said in a statement on Monday.