Medical expenditures in hospitals are set to decrease as the Ministry of Finance (MoF) has decided to waive off the custom duties levied on a list of medical diagnostic and surgical equipments, and anti-tuberculosis drugs.
A circular announcing this was issued last month, stating it was being done in “public interest”. The news is significant in view of a recent report released by the National Sample Survey Office (NSSO) pointing to increasing costs on healthcare in urban as well as rural India post 2004-05.
The drop in costs will also encourage patients to take treatment in private hospitals. “The high price is a major reason as to why patients opt out of treatment. This move would help a lot of people,” said Dr Minni Khetarpal, TB officer, BMC