School of Law (Campus-16)
This article broadly delves into the state of Healthcare in India and inter alia covers topics such as low investment in healthcare , inadequate infrastructure in public hospitals , prohibitively expensive private healthcare and how even the middle class people are being pushed into poverty because of the high cost of healthcare . Globally, there are two financing models for healthcare – American model and European model. India has been following the American model which is a combination of market economics and state intervention. Insurance as a mode of financing for healthcare has been discussed in detail in this article. The reasons for which private insurance has not picked up well in India have been analysed in comparision to USA. A combination of low market penetration and high Incurred Claim Ratio is the primary reason for poor healthcare insurance market in India. Improvement in HDI and leveraging on Demographic Dividend is highly dependent on the quality of healthcare in India. The article concludes with suggestions for budget allocation for health insurance coverage for the heads of all BPL families , expansion of coverage of RSRY and adoption of innovative low cost heathcare models across all states.