Budget 2024: On July 23, 2024, Finance Minister Nirmala Sitharaman is scheduled to deliver the Union Budget. Various sectors like health and automobile have high expectations from this budget. The first budget under the Modi 3.0 government is expected to include some big initiatives that would benefit all facets of society. But the real information on what the Finance Minister has planned for the public won’t be made public until July 23. The health sector, in particular, has high expectations for this budget, especially in light of the fact that it received more funding in the interim budget.
Health Sector Expectations
Expansion of Health Insurance Programs
According to experts, the healthcare industry wants to make health insurance schemes like Ayushman Bharat more widely available with high coverage. By including more families, this expansion seeks to protect them financially from the rising expense of healthcare.
Reduction in Prices of Essential Medicines
Poor families often manage to get treatment at government hospitals, but the high cost of essential medicines can be a significant burden. The health sector hopes that the Finance Minister will reduce taxes on these essential medicines, making them more affordable.
Focus on Government Hospitals
With 140 crore people living in the nation, there aren’t many quality government hospitals, which results in lengthy treatment wait times. It is anticipated that the administration will announce its plans to construct additional hospitals.
Incorporation of Technology in Healthcare Services
The industry suggests focusing on incorporating technology in healthcare services to improve service delivery and accessibility. This includes telemedicine, digital health records, and remote monitoring.
Simplification of Treatment Processes
Long wait periods are common at large hospitals, even for basic services like prescription slips, which can take up to two days to obtain. For many cases, this delay may be dangerous. According to experts, regulations should be put in place by the government to streamline treatment procedures and facilitate patients’ access to immediate assistance.
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