Modicare: Healthcare Scheme Could Cost Exchequer Rs 10000 crore a Year

by Jared Lewis February 3, 2018, 7:38
Modicare: Healthcare Scheme Could Cost Exchequer Rs 10000 crore a Year

Asked who will pay the premium for the scheme, Nadda said "The Government will pay for the premium with State's share". It's a friendly budget for all sections of society, he said. "Such systems will ensure equity by judicious referral system to secondary and tertiary care" KPMG India's Nilaya Varma said. "We're working out the nitty-gritty of the scheme, and will provide details when the programme is rolled out". We have to work that out with all other departments as well and the government is committed to roll out this programme. "This is making healthcare affordable and", Prime Minister Narendra Modi said in the 40th episode of his "Mann Ki Baat" radio programme.

"It's not only an insurance. It's not on reimbursement model because too many complaints come on the reimbursement model". We will come out with a full programme. There are many models which we are going to work out.

The scheme will also bring a change in the socio-economic scenario.

"The million dollar question is: will these benefits be cascaded to the common man?" pondered Ravi Virmani, CEO and founder of Credihealth, an online healthcare marketplace.

Economic Affairs Secretary S C Garg said, "The government will make the scheme very simple".

He termed the scheme as a "revolutionary" step and said money will never be a problem.

The Union Budget 2018-19 provides just Rs 2,000 crore for the ambitious National Health Protection Scheme that aims to cover 50 crore poor people as the scheme's contours are yet to be worked out, the government said on Thursday. Under the NHPS, four in ten Indians can avail of secondary and tertiary care in government and private hospitals, within the insurance cap earmarked per family. "Overall the budget was as per expectations", Glenmark chairman Glenn Saldanha said.The Budget highlighted the availability of low-priced medicines.

He said states are ready to implement the NHPS and financial arrangements will be made accordingly.

"States have to decide whether they want to subsume with this (scheme) or they want to run on their own", he said.

The Budget has also allocated Rs 1,200 crore towards Health and Wellness Centres envisioned in the National Health Policy 2017.

Meanwhile, Finance Minister Arun Jaitley said the health cover plan will be cashless and not a reimbursement scheme, and promised more funds if required. "For this Rs2,000 crore has been kept for it as of now", said Nadda.

The Government also made a decision to allocate an additional Rs 600 crore to provide nutritional support to all TB patients at the rate of Rs 500 per month for the duration of their treatment.

"One of the issues was to increase notification and to go to the last level of completion of dose of the patient". Capping of prices of medicines and medical devices, including stents and knee implants, by the government has helped patients (Rs 11,365.61 crore) till December 2017, the Parliament was informed in December a year ago. "This will help increase the notifications as well as nutritional support he will get", Nadda said. Arun Jaitley also announced setting up of one medical college for every three parliamentary constituencies, with 24 new government medical colleges also being envisioned.

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