Financing Health in India: An Overview

Open Access

Year : 2023 | Volume :4 | Issue : 2 | Page : 13-16
By

Chandan Sharma

  1. Assistant Professor Economics Morigaon College, Morigaon Assam India

Abstract

Financing health care means ensuring adequate funds for health care to provide equitable access to all people and to reduce financial burden on the people. India’s healthcare system is neither sufficient nor updated. Quality of health care services is one serious issue in the country. Each year 122 person per 1 lakh die due to poor quality of care. There is linkage between poor quality of health service and low investment on health. For the last three decades Indian Government’s spending on health ranges between 1% to only 1.6% of GDP. The Indian government has been taking the major responsibility in health sector. It provides health care services to the people free of costs. But the public health system is insufficient in comparison to the huge population size. Depriving quality health care services people are forced to move towards private health care providers. But in return of higher price the services provided by private players are not adequate. The objective of this paper is to have an overview on the healthcare financing system of India and its consequences. It is found that government’s share of spending is decreasing while out of pocket expenditure is in an increasing trend in India.

Keywords: Finance, Health, Expenditure, Death, Government

[This article belongs to NOLEGEIN Journal of Leadership and Strategic Management(njlsm)]

How to cite this article: Chandan Sharma. Financing Health in India: An Overview. NOLEGEIN Journal of Leadership and Strategic Management. 2023; 4(2):13-16.
How to cite this URL: Chandan Sharma. Financing Health in India: An Overview. NOLEGEIN Journal of Leadership and Strategic Management. 2023; 4(2):13-16. Available from: https://journals.stmjournals.com/njlsm/article=2023/view=91652

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References

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Regular Issue Open Access Article
Volume 4
Issue 2
Received October 6, 2021
Accepted October 28, 2021
Published January 28, 2023
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