Health Care Industry Expects More Allocation in Union Budget 2018
New Delhi, Jan 23: As the Narendra Modi government is set to present its last full Union Budget this year, the health care industry has called for a better role of private sector in the country’s health’s system. Dr. S Gurushankar, Chairman of Meenakshi Mission Hospital, has urged the government to offer incentives to encourage and empower healthcare entrepreneurs to build hospitals in rural areas.
“The healthcare sector has got the least priority in every Union Budget. This is inexplicable because a country cannot progress if its people are unhealthy and keep dying for want of basic healthcare,”Meenakshi Mission Hospital’s chairman Dr. S Gurushankar said in a statement.
He also suggested measures to encourage and empower health facilities in rural areas. They are:
- A 10-year tax holiday for new hospitals in villages and rural areas
- Accelerated depreciation (100% in the first year itself)
- Zero GST for life-saving medical equipment used in setting up rural hospitals.
Gurushankar claimed that these steps will ensure that growth of healthcare facilities is not focused on cities alone, but also spreads to hinterland India. “Once the regulatory ecosystem favours setting up hospitals in rural areas, the challenge of healthcare access can be successfully met,” he added.
Finance Minister Arun Jaitley will present first post-GST and the current government’s last full Budget on February 1. The Budget session of Parliament will begin on January 30 with President Ram Nath Kovind addressing the Joint Session of both the Houses of Parliament.