By Moin Qazi* The Indian economy has made rapid strides in recent year but its abysmal health system remains an Achilles heel and has impeded millions of people from sharing the gains of India’s new prosperity. India has a laggardly record in its healthcare coverage. In per capita terms, adjusted for purchasing power, the public expenditure on health is $43 a year, compared to $85 in Sri Lanka, $240 in China and $265 in Thailand. European Nations spend ten times more and the United States spends twenty times. According to the Insurance Regulatory and Development Authority (IRDA), the Indian Government’s contribution to health insurance stands at roughly 32 percent, as opposed to 83.5 percent in the United Kingdom. India’s high rate of out-of-pocket expenses for health stems from the fact that 76 percent of Indians do not have any health insurance. The country has a similarly low ranking on several important health indices. The dwindling budget allocation for public health care in one o...
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