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Thursday, December 2, 2021

Health budget 2021: government will increase spending on health services, health budget can remain at 2.5% of GDP

Union Budget Healthcare Sector 2021: What did the healthcare sector get in the budget this time

Union Budget 2021 Stock Market Live Update: In the budget presented on February 1, the government can focus exclusively on healthcare. Economic surveys indicate that this time the health budget may be 2.5 to 3 percent of GDP, which has remained 1 percent of GDP for a long time. Actually, given the impact of the corona virus epidemic, the need to create a strong infrastructure of health in the country is now understood. In such a situation, the government will have a big focus on health in this budget. Along with expanding the scope of government schemes related to health, there can be some important announcements regarding them as well. It has schemes like Ayushman Bharat Yojana and Pradhan Mantri Janushadhi.

In fact, the corona virus epidemic has changed the thinking of policy makers. The effect of this pot has also been seen on the Economic Survey 2021. Chief Economic Advisor Krishnamurthy Subramanian even said on the Economic Survey 2020-21 that this year’s Economic Survey is dedicated to the corona warriors of the country. At present, when it comes to economic survey, it seems that in the coming days, the government can bring a big change in its health care policy. At the same time, the government’s expenditure on health services can be many times more than before.

Budget 2021: Finance Minister Sitharaman announced these schemes in the budget, related to health, transport, schemes

PMJAY and National Dialysis Mission

Before the budget, there are indications that the National Dialysis Mission can be merged with the Pradhan Mantri Jan Arogya Yojana (PMJAY). Actually, PMJAY has proved to be very effective in the health sector during lockdown. Under the scheme, facilities like dialysis have continued smoothly without interruption even during epidemics and lockdown. PMJAY is an important part of the Ayushman Bharat scheme of the government. It was started in 2018 with the objective of providing health services to the disadvantaged and weaker sections of the society.

The emphasis will be on NHM

The government can also declare how to reach telemedicine to city city, so that people can get better treatment in their cities. This will require investment in internet connectivity and health infrastructure. Emphasis should continue on the National Health Mission (NHM).

What is the economic survey

According to the Economic Survey, India ranks 179th among 189 countries in terms of health care budget. The survey said that by increasing public spending GDP from 1% to 2.5-3% on over all health care, the out-of-pocket expenditure can be reduced from 65% to 30%.

India still behind in the health sector

In the case of health care, India has also been an underperformer compared to countries with low income or lower middle income. According to the Global Burden of Disease Study 2021, in terms of quality and availability, India is ranked 145th out of 180 countries. The hospitalization rate is currently 3 to 4 percent, which is much lower than all the countries around the world. In the middle-income countries, the average hospitalization rate is 8-9 per cent, while in OECD countries it is 13 to 17 per cent.

Nisha Chawlahttps://www.businesskhabar.com/
She is an expert in Banking, Finance and working with an international bank. She sharing her ideas and knowledge with Business Khabar.
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