Govt health expenditure rises to 1.84% of GDP
New Delhi: The share of government health expenditure in India’s GDP has risen from 1.13% in 2014-15 to 1.84% in 2021-22, according to the National Health Account (NHA) estimates for 2020-21 and 2021-22, released on Wednesday.
The proportion of government health spending in the country’s total health expenditure has also surged from 29.0% in 2014-15 to 48.0% in 2021-22, with per capita government spending on healthcare nearly tripling over this period.
Member (Health) of NITI Aayog Dr. V K Paul highlighted the significant decline in out-of-pocket expenditure from 64.2% of total health expenditure in 2013-14 to 39.4% in 2021-22, calling it a “very positive indicator”, news agency ANI reported.
This decline in personal healthcare spending has been due to government initiatives like the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (PMJAY), which he said has saved over Rs 1 lakh crore and positively impacted the recent NHA estimates, he noted.
He also highlighted the Free Dialysis Scheme launched in 2015-16, which has benefited 25 lakh people.
Union Health Secretary Apurva Chandra pointed out that the notable rise in government health expenditure, alongside the reduction in out-of-pocket costs, is a promising sign of the government’s commitment to healthcare.
He noted that the total health expenditure has seen a significant increase, reflecting the government’s focus on enhancing healthcare services and ensuring financial protection and Universal Health Coverage for its citizens, the report said.
The steady decline in out-of-pocket expenses signifies the government's ongoing efforts to reduce the financial burden of healthcare on individuals and move closer to achieving comprehensive health coverage for all, he underscored
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
Related Articles
CRR cut, AI ethics push, and SORR benchmark: Experts hail RBI’s pragmatic policy moves
Mumbai: The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% while the cash reserve ratio (CRR) has been slashed by 50 basis points to 4 percent, media reports said.
JP Morgan gives 'overweight' rating to Adani Group bonds
Mumbai: US investment bank JP Morgan has assigned an 'overweight' rating to four bonds issued by the Adani Group, citing the group's capacity to scale and grow through internal cash flows, which reduces the likelihood of credit stress.
LG Electronics files DRPH with SEBI; IPO size expected to be over RS 15,000 cr
Mumbai: South Korean electronics giant LG Electronics has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Friday for the proposed public listing of its Indian business, according to a notification on the Bombay Stock Exchange (BSE).
De-dollarisation not on India's agenda; derisking domestic trade is: RBI Governor Shaktikanta Das
Mumbai: India has not initiated any steps towards de-dollarisation and is solely focused on mitigating risks to domestic trade from geopolitical uncertainties, Reserve Bank of India (RBI) Governor Shaktikanta Das clarified on Friday, media reports said.
Latest News
PM Modi urges Indians to go 'Vocal for Local' in festival shopping
Pakistan’s mineral show-and-tell: Sharif and Munir try to charm Trump
Rain predicted during Durga Puja days, Yellow warnings for all Tripura districts
Festive mode on high from ‘Maha Shasti’ day, Agartala city witness massive crowd
