#Budget 2016: What's In Store For Health?

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They say health is wealth. That is why we invest our wealth on health. As today is the Budget Day for the financial year of 2016 and 2017, let us take a quick look at the budget updates and how it is going to affect the area of health primarily.

The government is already working hard to increase the awareness among people on areas like cleanliness and health through 'Swachh Bharat' campaigns.

Also Read: Budget 2016: List Of Lifestyle Products To Get A Hit

As India is very big in terms of population, the health care industry occupies a special place in the budget. Estimates suggest that India currently spends only 1% of GDP on Public health which is why the medical facilities are still not on par with international standards.

Also, there is more room for development in the National Health Policy. When the budget gets announced, Indians eagerly wait to see the latest developments in the National Health Policy. This policy is drafted by the Health Ministry.

New Health Scheme

A new health protection scheme is announced. This scheme is for senior citizens who are below the poverty line. The cover is up to INR 1,00,000.

 

 

Dialysis Services To Be Expanded

The National Health Mission offers Dialysis services program. This announcement may come as a relief to many people suffering from kidney ailments.

 

 

Organic Farming For Better Health

Steps are being taken to start organic farming in more than 5,00,000 acres in the coming 3 years. This may help us avail healthy vegetables devoid of chemicals and harmful substances.

Additional Health Cover

Additional health-care cover (INR 30,000) for senior citizens.

 

Social Sector Initiatives

This budget is good news for families living below the poverty line. New social sector initiatives both in health insurance and farm insurance are being planned.

Budget Makes You Quit Smoking!

The price of tobacco products may go up as the excise duty has been raised. Those of you who wish to quit can save money and health from this year.

 

Service Tax

The service tax has been exempted for some insurance schemes under NSBY. On the overall, this year's budget is a small ray of hope, especially for those who are below the poverty line.

 

 

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Read more about: health, budget
Story first published: Monday, February 29, 2016, 13:53 [IST]
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