Budget 2023 Expectation: Union Finance Minister Nirmala Sitharaman is going to present her final budget on 1 February 2023. This budget is being considered very special for the health care industry. The condition of the country’s health sector during the Covid-19 pandemic is not hidden from anyone. The maximum number of cases of corona infection in the whole world were registered in India only. Not only this, more than one and a half lakh people had lost their lives due to this epidemic. In this context, there is a need for massive reforms in the health care sector. Let us know how the government’s mood can be on the upcoming budget for the health sector.

Production of medicines and essential equipment

During the Corona epidemic, there was a stir across the country due to the shortage of medicines and oxygen cylinders in the hospitals. Due to shortage of beds in government hospitals, the vacant places were forced to be converted into isolation centres. Due to lack of adequate facilities of medical equipment, many people had died on the streets. In such a situation, the government can insist on increasing the production of medicines and essential equipment in the new budget.

health insurance

According to a report released by NITI Aayog in the year 2021, 40 crore people of the total population of India are still deprived of any financial security. However, in view of this, the government has tried to provide benefits to the poor people in the year 2022 under ‘Ayushman Bharat- Pradhan Mantri Jan Arogya Yojana’ (ab-pmjay). But there is still a need to develop financial models under health coverage and ab-pmjay, so that the underprivileged population can also get its benefits.

Healthcare Infrastructure Fund

Micro, Small and Medium Enterprises (MSMEs), startups and medical device parks are some of the sectors in which the government has set up funds and schemes to strengthen infrastructure. Very few medical colleges have been built in the private sector in the last five years. Recently camping on fees has also limited the construction of colleges by the private sector. In such a situation, the central government can give some special exemptions like exemption on land and subsidy of medical equipment to the projects of Tier-II and Tier-III cities.

Tax benefit on health checkup

To encourage citizens for health checkups, the government should increase the deduction limit for checkups for a family from Rs 5,000 to Rs 15,000 in Budget 2023.

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