How Does India Fare At Public Spending?

Apollo Hospitals Future Of Health

Despite having the 2nd largest economy in the world, we are still not at the top in terms of accessibility and affordability of basic healthcare facilities. We are struggling with healthcare in terms of public spending while there is a critical need to cater to the needs of 1.3 billion Indians.

Written By Digital Desk | Mumbai | Updated On:

Despite having the 2nd largest economy in the world, we are still not at the top in terms of accessibility and affordability of basic healthcare facilities. We are struggling with healthcare in terms of public spending while there is a critical need to cater to the needs of 1.3 billion Indians. When it comes to reasonable costing, this is something which cannot be one way. To solve this issue, the Government of India and private sectors in healthcare need to work together, thus leading to Public- Private Partnership (PPP).

The culmination of bad health, public spending or contributing towards the declining GDP, is the reason for India being last in terms of insurance expenditure on healthcare. Every year about 6 crores people end up in poverty due to spending in healthcare, which means about 7000 people plunge into poverty every hour in India which is the combined healthcare membership of Sweden, Denmark, Switzerland, and New Zealand.

“The government is falling short of all the resources it has neglected the health sector in last 70 years. It has no resources to manage this menace. So, the government and private sectors need to work together so that they can be reasonable in pricing and accessibility and comprehensive for both the players.” - Dr. Mukesh Goel (Cardio – Thoracic Surgeon (Treating Doctor))

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