Healthcare Sector Seeks Priority Status, Fund Allocation Hike To 3% Of GDP

INSUBCONTINENT EXCLUSIVE:
Healthcare sector has sought priority status from the government in the forthcoming budgetNew Delhi: Government should look at according
priority status to the healthcare segment while increasing the public expenditure on the sector to at least 3 per cent of the GDP in the
upcoming union budget, healthcare providers have said.Private sector healthcare providers in the country have suggested as part of their
expectations from the budget, that the government should also consider continuation of tax incentives, upgradation of medical facilities in
smaller towns and skilling of workforce."The government had rightly placed health and well-being as the first of the six pillars in the
union budget 2021 and the focus must continue in 2022 too
Firstly, the outlay for healthcare infrastructure to be increased further...facilities in tier 2-3 towns need to be equipped with diagnosis
centres, ventilators, ICUs, critical care facilities and oxygen plants," Fortis Healthcare MD and CEO Ashutosh Raghuvanshi noted.There is an
urgent need to allocate a separate budget for a national campaign around preventive health, testing and screening as these are key to
reducing the overall disease burden in India, he added."Healthcare should be accorded priority status so that the sector can derive benefit
from the GST transition and providers and healthcare service delivery institutions can avail loans at lower rates and extended tenure
It is also essential that the government reduces duty and cess for critical care and life saving equipment and drugs to reduce costs for
both providers and patients," Mr Raghuvanshi said.Apollo Hospitals Group Executive Vice Chairperson Preetha Reddy said the immediate
priorities must include taking up public expenditure on health to at least 3 per cent of GDP, a concerted thrust on encouraging investments
that bridge gaps in infrastructure and resources and also efforts to accelerate the adoption of digital technologies."These actions are
pivotal building blocks of an Atmanirbhar healthcare ecosystem
Also, more than ever before, at this point in time, the people of India are looking to the Union Budget 2022-23 to chart a transformational
course in nurturing good health for all and also to be able to access best in class healthcare at all times," she stated.Apollo Hospitals
Group Joint Managing Director Sangita Reddy said that the pandemic has shown the potential of India to become a global centre for R-D in
drugs and vaccines."Tax incentives should also be extended to R-D as this would encourage further innovation in healthcare
Another key area that the budget needs to address is skilling of healthcare workers
This will help to address the manpower challenge that we face and bring India up to par with the recommended ratio in terms of trained
doctors and nurses," she added.Asia Healthcare Holdings Executive Chairman Vishal Bali said the multiple waves of the pandemic have exposed
to the healthcare sector and fast track the bridging of the gap
Public healthcare spending on healthcare needs urgent reform and a clear allocation of 2.5 per cent of GDP in real terms and not under a
consolidation of allocations to various schemes and departments related to health and sanitation," he noted.