Chirantan Chatterjee (for Info only, not official)

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Chirantan Chatterjee

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    ...He mentioned the National Health Policy (NHP) 2017, exhorted the wealthy to contribute and lamented that demand for healthcare far outstrips supply. Hinting also at the mandatory prescription of generic medicines by regulation, Modi expectedly championed affordable healthcare. In a land where healthcare matters hardly ever take centre stage in electoral discourse, this is heartening. But does this ensure the correct direction for healthcare policymaking in India? One cannot be sure. For example, making generics mandatory also comes with downsides. First, existing research documents irrational prescribing in India as well as prescription switching at the pharmacist level, driven by business rather than clinical reasons. In a 2017 Social Science & Medicine article, Ajay Bhaskarabhatla and I show that in cardiovascular medicines, 129 million scripts (8.1% of the total) in the 2008-2011 period were irrational. ...

    Live Mint on April 26, 2017, 12:21 a.m.

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    ...Firms have announced that there might also be labour-market implications, with contractual labour especially feeling the pinch. But are these environmental bans really bad for the industry? To understand, one needs to appreciate that there is a short- and long-run aspect to this story and also that the dynamic gains in the long run might actually outweigh the static losses today. In fact, prior scholarly research indeed points to such possibilities, especially if one considers a nuanced explanation of how regulation can actually encourage innovation (rather than mute it), following the classic debate on this issue provoked more than two decades ago by Harvard economist Michael Porter. Writing in 1995 in Journal Of Economic Perspectives, Porter and his co-author Van der Linde contested the traditional intuition that regulation is detrimental to innovation. ...

    Live Mint on April 11, 2017, 12:15 a.m.