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

Clinical Interventions in Chronic Hepatitis B and C: Antiviral Efficacy, Liver Fibrosis Scoring, and Monitoring August 11, 2026
Common Health Mistakes Indians Should Avoid: A Practical Guide to Everyday WellnessAugust 11, 2026
How to Build a Healthy Lifestyle After 40: A Practical Guide for Indian AdultsAugust 11, 2026
Milk Microbiome Could Hold New Clues to Lifelong Health, Experts SayAugust 10, 2026
Globally Renowned Dermatologist and Sesderma Founder Professor Dr. Gabriel Serrano to Visit India to Showcase Cutting-Edge Derma-Tech for Indian Skincare at Scientific Symposiums Hosted by Iberia PharmaceuticalsAugust 10, 2026
Sharda Hospital Celebrates World Breastfeeding Week with a Week-Long Awareness ProgrammeAugust 10, 2026
Swinburne University of Technology Opens Applications for Master of Engineering ScienceAugust 10, 2026
GLP-1 Receptor Agonists: A New Era in Weight Loss TreatmentAugust 10, 2026
Immunotherapy vs. Chemotherapy: Understanding the Mechanisms of Precision OncologyAugust 10, 2026
Mitigating Tech-Induced Ailments: Managing Screen Time, Sedentary Lifestyles, and Dry Eye SyndromeAugust 10, 2026
The Blueprint of Validation: Navigating Medical AI’s "Reckoning Year"August 10, 2026
The Future of Smart Hospitals: Redefining Healthcare Delivery in India August 10, 2026
Healthcare Data Security in India: Risks, Threats, and Best Practices for a Digital-First Health EcosystemAugust 10, 2026
The Science of Resilience: Psychological Strategies for Modern StressAugust 08, 2026
The Science of Fasting: 2026 Research on Autophagy and LongevityAugust 08, 2026
Early Markers of Insulin Resistance: Moving Beyond Fasting Blood SugarAugust 08, 2026
Healthcare Management Challenges in India: What Hospital Leaders Must Address NowAugust 08, 2026
Importance of Patient Safety: Why Every Hospital in India Must Prioritize ItAugust 08, 2026
Decoding Fatty Liver Disease: Symptoms, Reversibility, and the MASLD/NAFLD SpectrumAugust 07, 2026
Heart-Healthy Dietary Patterns: Translating Clinical Nutrition Guidelines into Daily MealsAugust 07, 2026