Households need tax incentives for healthcare sector to take off

Jul 01 2014, 08:27 IST
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SummaryA key deterrent to widespread healthcare services is the cost associated with building up the necessary infrastructure. So, the greater the number of contributors

argument that health insurance primarily covers hospitalisation benefit while medical reimbursements generally cover routine, day-to-day medical needs. The counter-argument is, like most developed economies with a mature health care system, gradually, all medical care services would merge in the form of comprehensive healthcare services provided through insurance coverage or through social welfare schemes. A viable solution to spread healthcare services in India is through widespread insurance coverage and tax incentives play an important role in the process.

n The writer is partner, KPMG

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