Pre-Budget Expectations 2024-25 _ Healthcare sector_HCG Manavata Cancer Centre

▴ Pre-Budget Expectations 2024-25
Strengthening the healthcare value chain is crucial, particularly in rural areas where a significant portion is still deprived of quality healthcare. To achieve this, an increase in healthcare spending is essential. The current budget allocation stands at a meagre 1.6 to 1.8 per cent. It is suggested that we raise it to 2.5 or 3 per cent of the present budget to make a meaningful impact.

Mumbai, Jan 17, 2024: Over the past few years, Government-run schemes, both at the Central and State levels, have gained popularity, such as Ayushman Bharat Yojana or in Maharashtra, the Mahatma Jyotiba Phule Jan Arogya Yojana. However, the packages offered for healthcare services under the schemes are quite meagre and insufficient to sustain and enhance quality healthcare initiatives. When these packages were initially designed, the intention was to utilize around 10 to 15 per cent of the under utilized or unutilized beds to assist the needy or deserving members of society. However, with almost 100 per cent of the population now covered by the scheme, providing quality services at the pre-decided cost by the Government-run schemes is practically impossible. Forget about delivering quality care; we cannot even provide the basic minimum required care. So, we request the Government to increase the cost limit of the package so that expected quality of healthcare can be provided to the patients.

The second challenge revolves around the GST benefit and input credit. In healthcare, where technology plays a crucial role in providing quality healthcare, several high-end technological equipment and devices are imported. The significant impact of GST on expenditures, particularly in items deemed luxury goods, poses a challenge. For example, air conditioning, considered a luxury item, attracts higher GST. Yet, in the hospital sector, especially in operation theatres, path labs, and CT and MRI machines, air conditioning is an integral and significant part of the technology. It's not a luxury but a necessity. Hence, hospitals should receive some input credit benefits to alleviate the impact of GST.

Medical value tourism is gaining traction, and India has the potential to be a major player in this sector. Government support will enhance this aspect of healthcare, bringing in foreign revenue while also improving the scenario for Indian doctors and hospitals. This, in turn, will enable us to provide quality healthcare at a more affordable cost and with greater efficiency, empathy and compassion compared to our Western counterparts.

Tags : #

About the Author


Team Medicircle

Related Stories

Loading Please wait...

-Advertisements-



Trending Now

Tier-2 and Tier-3 Cities: India's Next Big Healthcare Growth StorySeptember 18, 2026
Why Regional Hospital Chains Are Becoming More Important in IndiaSeptember 18, 2026
From Heart Defect to High Seas: Robot-Assisted Surgery at Fortis Escorts Okhla Helps 26-Year-Old Merchant Navy Officer Pursue His CareerSeptember 17, 2026
Apollo Hospitals, Bengaluru performs India’s first EXIME temporary prostatic stent procedure; five patients treatedSeptember 17, 2026
Rela Hospital and Smile Train Launch India’s Largest and Most Comprehensive Cleft Care Reference CentreSeptember 17, 2026
Max Healthcare Foundation Expands Max Medical Scholarship to Fund Education of 250 Meritorious MBBS Students in its 4th YearSeptember 17, 2026
The Future of Indian MedTech Exports: Can India Compete With Global Leaders?September 17, 2026
Robotic-Assisted Procedures Beyond Surgery: Where Is Automation Going Next in Healthcare?September 17, 2026
58 Students from SRM Medical College Selected for Union Government Research Programmes and Grants September 16, 2026
Handpickd Questions the Role of Science in Food with ‘Science-Less’ Newspaper CampaignSeptember 16, 2026
As Women’s Cancer Burden Rises, Integrated Care Emerges as The Next Frontier in Cancer TreatmentSeptember 16, 2026
Odia Superstar Babushaan Mohanty Inaugurates Manoj Das Library at Utkal Gaurav International SchoolSeptember 16, 2026
Yashoda Hospitals, Somajiguda Successfully Treats 10-Month-Old with Complex Heart Condition Through Staged ApproachSeptember 16, 2026
Tracky launches 16D, India's first 16-day continuous glucose monitoring system (CGM)September 16, 2026
Why Local Medical Device Manufacturing Matters for Indian HealthcareSeptember 16, 2026
Next-Generation Surgical Robots Entering the Indian Market: What It Means for Patients and ProvidersSeptember 16, 2026
ShardaCare - Healthcity Marks World Sepsis Day with Training for Over 50 NursesSeptember 15, 2026
From Empowerment to Ownership: Upasana Kamineni Konidela Calls for a BRICS Women’s Economic CorridorSeptember 15, 2026
WORLD HEART DAY 2026: Don't Miss a Beat: The Heart Attacks That Never Had to HappenSeptember 15, 2026
BL Agro Announces Investment of ₹1,500 Crore In Its Biotech-Arm Leads Genetics To Build An Integrated Dairy and Genetics EcosystemSeptember 15, 2026