Published: Fri, February 02, 2018
Medicine | By Brett Sutton

Budget 2018: Weaving a garland of roads across India

Budget 2018: Weaving a garland of roads across India

In his budget address today, Finance Minister Arun Jaitley said the government will develop two defence industrial production corridors and bring out an industry- friendly military production policy to promote the domestic defence industry.

Cigna TTK Health managing director Sandeep Patel said the focus on health and wellness indicates that government is driving a robust health and well-being ecosystem.

That said, some questions remain around the National Health Protection Scheme.

Extending the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJY) and the Pradhan Mantri Suraksha Bima Yojana (PMSBY) is a positive move to bring more people into the insurance ambit, they said. "The government is progressing towards the goal of universal health coverage", Jaitley said.

A separate amount of Rs 1,08,853 crore had been set aside over the above the total allocation for the paying pension to defence personnel.

"As an insurer we will deliver exceptionally good services and facilities for people who are covered and make it a great success", he added. Countries that score high on healthcare metrics have made significant investment in healthcare technology that enable healthcare practitioners to make evidence based clinical decisions, which in turn lowers mortality and healthcare costs.

You may call it "Modicare" like Obamacare in the United States. "We look forward to partnering with the government in implementing these transformative programmes in India". This budgetary allocation for the prevention and treatment non-communicable diseases will be a critical step to stem the tide now.

ICICI Lombard, ICICI Prudential, HDFC Standard Life and SBI Life shares rallied 4-7 percent at close, after the Finance Minister Arun Jaitley raised limit of deduction for medical expenditure and launched National Health Protection Scheme. This will have 50 crore beneficiaries and 10 crore families will get 5 lakh per year for their families to cover secondary and tertiary hospital expenses. Adequate funds will be provided for smooth implementation of this programme, FM said. However, this is 33.1 per cent of the total central government expenditure on Capital Account, which is Rs 3,00,441 crore.

Jaitley said India needs path-breaking interventions to address health holistically in primary, secondary and tertiary healthcare systems.

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