Seventy per cent of India's population have no health insurance and the country is short by 2 million beds compared with the global benchmark, according to a whitepaper released by a leading health sector body.
Seventy per cent of India's population have no health insurance and the country is short by 2 million beds compared with the global benchmark, according to a whitepaper released by a leading health sector body.
The report 'Aarogya Bharat 2015', released by NATHEALTH today, stated that India requires US$ 3 trillion in cumulative funding and has the potential to generate 15 to 20 million jobs by 2025. NATHEALTH has been created to improve access and quality of healthcare and has leading Healthcare, Medical Technology, Diagnostic service providers and Health Insurance Companies as stakeholders.
"This 'while paper' is an effort to drive thought leadership as we move towards a healthier, Aarogya India over the next decade. Total spending on healthcare is anticipated to reach about 6% of GDP by 2025.
"Private insurance is expected to grow at a compounded annual rate of about 25% to cover the top 25% of the population, by income level. Public insurance will provide essential care to 60% of the population by 2025," said Shivinder Mohan Singh, President of NATHEALTH.
"India can adopt universal access to essential healthcare driven by private sector-led provision with the Government playing the role of primary payer and provider in remote and underserved areas," said Anjan Bose, Secretary General of NATHEALTH.
NATHEALTH also urged the Government to increase public spending on healthcare to 2.5%-3% of GDP, apportion a greater share of public spending to prevention, including mass screenings and primary care coverage by 2025. Additionally, the Government should focus on being a payer, not a provider and demand and support quality outcomes, the report stressed.
Also Read: Health Insurance in India still remains an untapped market
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