Industry welcomes govt's move increasing focus on health sector
- Country:
- India
Healthcare industry Friday welcomed the government's move to include 'Healthy India' as one of its 10 key priorities under the vision for the next decade as highlighted by Finance Minister Piyush Goyal in his Budget speech for 2019-20. The industry, however, said it expected higher budget allocation for healthcare.
Reacting to the Interim Budget, Apollo Hospitals Group Joint MD Sangita Reddy said: "The interim budget threw light on the Government's dedication to a healthy India with a distress-free healthcare system". The Budget highlighted the government's aim to bridge the urban-rural divide and provide benefits that people in a city have to those staying in villages. Healthcare should be a critical component of these efforts, she added.
"We must not lose this opportunity to address the urban-rural imbalance in health infrastructure and ensure specific policies to encourage the private sector to invest in the same," Reddy said. Healthcare Federation of India (NATHEALTH) said the inclusion of 'Healthy India' in the government's 10 key priorities under Vision 2030 is one of the key takeaways from today's budget.
The Interim Budget 2019-20 appears to be comprehensive, wide-ranging and balanced, with many positives for the health sector, however, the government needs to revisit unfinished agenda such as 'Priority Sector' status to healthcare..., it added. "NATHEALTH welcomes the scaling up plans for the Ayushman Bharat Mission and the government's focus on universal health coverage that improves India’s march towards a Swasthya Bharat. However, we believe it has to be done collaboratively through value-based scientific costing driving sustainable pricing supported by improved ecosystem efficiency gains," its Secretary General Siddhartha Bhattacharya said.
Stating that one interesting highlight in the interim budget is the vision for 'Healthy India' by building a distress free, functional and comprehensive healthcare and wellness system by 2030, Aster DM Healthcare Founder Chairman and MD Azad Moopen said: "What we missed in this budget is the increase in budget pie for healthcare". Saying that healthcare industry was expecting larger spends on Ayushman Bharat programme, Sahajanand Medical Technologies CEO Ganesh Sabat said: "... we expected larger spends on Ayushman Bharat but the current increase is insufficient".
There is no beneficiary scheme for the local manufacturers of the medical device, whereas the government wants to reduce healthcare cost in India, he added. The Interim Budget 2019 speech spelt out the central government's scale-up in healthcare initiatives over the past few years. This is encouraging as this focus helps augment and strengthen health access across India, Roche Diagnostics, MD India and Neighbouring Markets Shravan Subramanyam said.
"With the announcement of ambitious projects like Ayushman Bharat last year, expectations were high for the 2019 Budgetary recommendations on healthcare. Some inclusions on outpatient care and diagnostics would have been great," he added. Manipal Hospitals Chairman Sudarshan Ballal said, Ayushman Bharat, will empower the needy class of the country, a movement that can potentially change the healthcare in India. A scheme of this magnitude would be very challenging and certainly a herculean task to implement.
"The main problems I see in implementing this would be the need to build an enormous infrastructure, healthcare personnel and finances. The government has allocated some additional funds for this but will require a much larger allocation in the future," he added.
(With inputs from agencies.)
- READ MORE ON:
- Piyush Goyal
- Dr. Seema Goyal
- Tax exemption
- The Villages
- Schlegel Villages
- The Villages Entertainment
- government
- Healthy India
- India
- Sangita Reddy
- Siddhartha Bhattacharya
- Ayushman Bharat
- Apollo Hospitals Group Joint
- Ganesh Sabat
- villages
- city
- Sudarshan Ballal
- people
- Healthcare Founder Chairman
ALSO READ
Epic 3-3 draw between Real Madrid and Man City in Champions League quarterfinals at Bernabeu
Salt Lake City's Olympic spirit remains unmatched as it prepares for its second hosting duties
ANALYSIS-After issuing factory capacity warning to China, Yellen faces tariff decisions
Air India to introduce new direct flight route from Delhi to Ho Chi Minh City starting June 1
"Disappointed... but good game tonight": Gvardiol on Manchester City's UCL draw with Real Madrid