USA resorts to device of blackmail to halt Price Control on Med Devices

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New Delhi: Medical devices manufacturing Multinational Companies (MNCs) in USA have assumed grotesque bearing, out to frustrate Indian Government’s much needed and lauded bid to control prices to save hapless patients from fleecing. They want US to punish India to bring it to its knees. Generalized System of Preferences (GSP) is their device of blackmail. In the mean time, affordable healthcare protagonists and indigenous medical device industry leaders have stood as one to buck up government to stay committed and rebuff MNCs’ intimidating tactics. They have appealed to the govt not to buckle under pressure and barter the interests of millions of patients under any duress. MNCs’ arm twisting has Patiala MP Dharamvira Gandhi writing a letter to Suresh Prabhu, new Union Commerce and Industry Minister. He has exhorted Mr Prabhu not to wilt under pressure and allow MNCs to derail govt’s well meaning efforts to help patients. The profiteering monsters have been so rattled by govt’s regulation of their unconscionable laissez faire that they have finally resorted to device of blackmail. They are desperately trying to leverage the instrument of Generalized System of Preferences (GSP) to threaten govt to stay away from their hefty profit machine in sick rooms of India.