Mr. Arun Jaitley, Finance Minister said in the Budget 2018 that the government will initiate the largest healthcare scheme in the world for poor and needy citizens of India, that counts nearly 1 half of a billion. The plan is named ‘NaMo Care’ by Amith Shah, BJP president.
This new health protection scheme will provide coverage to ten crores needy and poverty ridden families in India.
The new scheme was welcomed by desk-thumping. It would offer medical coverage to about 40% population of India; or 50 crores needy people. Up to Rs. 5 lakh will be allotted for each family.
Each family would be entitled to up to Rs. 5 lakh every year.
The Finance Minister further stated that the government is gradually progressing towards an objective of universal health cover.
However, the scheme may need some time for rolling out and implementation.
Hasmukh Adhia told reporters that they can leverage upon trust model or insurance model, with 60:40share between the centre and states.
The new budget allocates 2,000 crores as token amount. Money would be added later as promised by the head of expenditure department, A.N. Jha.
Till date India was spending just a little more than 1% of Gross Domestic Product on publicly funded healthcare to the weaker and poor families, but majority of clinical procedures could not be covered within rupees 30,000 cap.
The economic affairs underlined the huge expense that medical treatments at private healthcare institutions had forced on people a couple of years ago. As compared to public hospitals, the average expense was 4 times higher in private hospitals for treatments.
Economic Survey pointed out a survey report by national PV experts that shows an average of Rupees 26,000 is paid out by people for treatment in private healthcare facilities when hospitalized.