Attention Economy


Sunday, March 31, 2019

Healthcare in Emerging Markets – India’s Modicare Experiment

An Extraordinary Experiment Attempts to Deliver Decent Quality Healthcare to the Masses
“The Prime Minister’s People’s Healthcare Plan, as Modicare’s official name translates from Hindi, provides about 500,000 rupees ($7,000) in annual hospital coverage to 107 million families, their eligibility determined by the primary breadwinner’s occupation.
Critics have urged Modi to put the money into India’s shaky system of free public hospitals, but he argues that the country is better off relying on what’s already in many respects a world-class private health-care industry and that the government can’t afford to build enough facilities itself. Modi is trying to contain one of Asia’s widest budget deficits, and he’s allocated the equivalent of only $900 million for Modicare in the coming fiscal year. (Costs are generally split 60-40 between Delhi and the states.)”