Increase State Budget Allocation On Healthcare
Before Union Finance Minister Arun Jaitley presented the Union Budget for the fiscal year 2014-15; Dipankar Gupta wrote an article in Times of India called ‘get well first, get wealthy next’ . He appealed for Healthcare to be taken as a priority by the new Central Government and be given the status of an Industry. Soon after, the Union Budget was presented and it evoked mixed response from commentators. The government plans to provide free drugs and free diagnostics. Other key features of the budget include expansion of insurance coverage through FDI; setting up of AIIMS-like institutions, drug testing laboratories, rural health research centres; and increased excise duty on cigarettes. The increase in taxation of tobacco products is a welcome move and so are the new proposals. However, budget allocation did not measure up to the planned initiatives. As per Economic Survey 2013-14, only 1.4% of the GDP is spent on healthcare which is among the lowest in the world. The n...