India ranked a lowly 154 th on Healthcare Access and Quality Index in 2017. In fact, recent world health statistics have indicated that India has the highest out of pocket private healthcare costs for families. Penetration of health insurance in India is low by international standards. With a socialist attitude of Government as well as reluctance by patients to pay out of pocket expense creates a difficult situation. What we, the doctors will face in future will be discussed.
By 2020, 50% of global healthcare expenditures about $4 trillion will be spent on three leading causes of death: cardiovascular diseases, cancer and respiratory diseases. The number of diabetics is expected to rise from the current415 million to 642 million by 2040. Aging population (> 65 years old) will increase by eight percent. Indian healthcare industry is poised to grow at a 23% CAGR to USD 280 bn. The…
