Ad Here  
April
May
June
July
August
September
 
 
Secularism and anti-Hinduism A welcome initiative by the judiciary Revive development banks... Build close rapport with business leaders Convulsions in The Hindu Adharma of opposition politics Why this malaise in medical education? ONGC at KG Basin Eternal support for capitalisation of PS banks Music happens B H Kothari - a tribute Like Hinduism: many paths to reach God... An inexplicable neglect Modi and the lady Delhi is distant… When online building permits work…. Align crops to agro climate endowments… Medical costs hit the roof... Funding the un-funded L&T- the specialty of special purpose vehicles Breaththrough in malaria control Online not in line with brick and mortar businesses... Why land prices zoom in TN? Demise of a media baron... The Ports’ Pasha expands into Tamil Nadu A glass full of corruption Solar thermal shines… Make standards certification mandatory... A more liberated TN… Poor quality of university VCs Shanti and Sadhana through Music Poor representation for Kerala and TN in Cabinet MHC should not return to its old indisciplined ways IPL - no surprise this scam Sri Lanka votes for change Fortune for Indian Airlines The balancing act Moily’s bold thrust F C Kohli - his concerns all embracing Editor's Says Noble nonagenarians... The brown list of Venkitaramanan Auto components surge… The sea- saw battle continues... Delhi Chalo... Quality silica from Neyveli Chennai and Kolkata miss opportunity to grow as Delhi and Mumbai Tough task taking states together Cutting the nose to spite the face Tribute – M V Murugappan A C Muthiah – his munificent bequeaths to science Adapt Vajpayee dinner diplomacy Recognition to role of NBFCs.... More heat than light Streamlining mandatory third party cover He continues the focus on social amelioration The ‘Jayanthi Tax.’ Solar, solar everywhere … A yen for wastage… Tribute – UCAL Selvan… Increasing non co-operation of state leaders When TN politicians can emulate Kerala's Godspeed, Chief Minister JJ Polls and promises PPP mode for upgrading Corporation Hospitals Five star activism stalls development activity A rich pool of talent not utilised…. More tributes to GR Shipping woes of Chennai companies Roaring Ro-Ro facility Which side are you, Montek? An informal presentation - analytical, forward locking... GNS - 100: our first subscriber Return to king coal for urea... Insurance companies bleeding, yet no decision on increasing FDI limit! Reliance’s TV – 18 ready to launch Tamil News Channel Kinetic Karnataka An enemy’s enemy is a friend …and of a popular trade leader WTO Meet: resolved to meet again Come elections, come advertisements... TN-leverage strength of BHEL, NLC... R Sridhar steps down as CEO of Shriram Capital Naidu will soon build a new Hyderabad Gas is the way forward West Bengal: mindless malignancy A professional at the helm of IRDA... Dr C Rangarajan returns to Chennai Measuring roof tops in terms of KW/MW CSR and CMI: promise of another Srinivasan Ramanujan... A friendly business group Small units prefers to remain small... Permanent secretariat for TN GIM Welcome focus on core competence Maximising the micro pricing … No mega rail project for Tamil Nadu Delhi is distant The Gulf aviation boom New IT products of Ramco in the pipeline… Protest masters... Liberal imports idling indigenous capacities Delhi returns to BJP London, London Narayan Alexa – Talking Wikipedia Computation of GDP – conundrums continue Kulandai was a giant Modi storms Silicon Valley Telangana in top gear… Rs.1600 crore paper board plant of TNPL S Ramanathan – a versatile musician, musicologist Tatas moving out of urea production... IPL type auction for VCs? Cleaning Ganga – relocate tanneries and install electric crematoria Waning interest in public discussions… CII projects higher growth… Shale gas and its shallow future How Air-India loses customs... There was flood of milk. Reason: no milk commissioner! Russi Mody – a tribute When nations steal growth from one another… Where a state respects its litterateurs… Discoms deserve better… Welcome GST Odisha: spectacular win by Naveen Patnaik A Grand Finale for SN’s MS centenary at the US… Road development slows down Airlines in India: cost and space Should we change the official year? He saved millions from starvation... Gay abandon in pricing Haul over the coal Of course, Gujarat is vibrant Limit foreign borrowings to hi-tech, export potential projects... Bihar – Nitish Kumar adopts the Lalu model More Shakthi to Das’ elbow Things happen by accident and not by design... Banning booze... Put expensive assets created to use... Sweeter prospects for sugar Quality education through the PPP mode Making ‘my Amaravati’... Remembering Indira Sivasailam... Another Indian music maestro at the UN The few handicaps... TN – agglomerate land holdings without alienating ownership Tax agriculture CRS, a jewel among managers, is no more. Welcome thrust on trade in Modi’s foreign visits... Tatas moving out of urea production... Naidu’s return augurs well for Seemandhra Valli, they are more marginalised This scant respect for Law Plummeting profits of PSBs The power-full Hindujas Marketing expert Balagopal is no more Robber barons everywhere Shaming of Tamils by Tamil farmers at Delhi The star of Spencers is no more Infrastructure funding – lessons learnt Contrarian cousins A Grand Finale for SN’s MS centenary at the US… to the lack of interest on the part of these to focus on original research. This despite the much lower costs of such research in India. The industry which thrived on the protection of a closed economy and the advantage of a vast domestic market, has failed to organise its evolution on healthy lines Don’t seem to feel the pulse… A think tank for Chennai Excel Generators provide the vital back-up S V Raju – a ‘good’ true liberal China invests in India CIPET hqrs to stay at Guindy – for the present? Mu Sigma – is no more Nuclear power at the nucleus Fortune 500 review Tribute – Manikam Ramaswami When Ratan Tata visited SRM For whom the MIDS bell tolls? Whistle-Stop Tour of Raghuram Rajan Revving up the manufacturing sector Building loyalty through the stomach Where is Rajaji? Boy, can you beat these? The why of tax incentives Scientists urged to take up farmer-oriented research Inflation: are we emulating Argentina and Brazil? No Maha Koottani in TN... Engineering seats go abegging Fall in crude prices help in oil sector reform Cement prices continue to rise… PC’s preference for professionals Colour-Chem’s colourful KRVS TGS- The king storyteller Wise Presidents The Jan Dhan bonanza Air Asia India will set new benchmarks for budget travel Not just in-laws (and outlaws); they’ve renowned academics at the helm! SoA @ 80 Mersal magnified Kudos to NDTV... L&T: focus on infrastructure and more infrastructure… Lesson from Chandrababu Naidu TIAM turns a full cycle Towards speedy justice Padma Bhushan for A Ramakrishna The Swadeshi Trump Diamond jubilee of Egmore Samskrt School Varuna (rain) in 2015; Vaayu (air) in 2016. Chennai devastated For whom the bell tolls? Fuel for thought When the President was rendered homeless… The rise and fall of Annamalai University Wanted: a second airport for Chennai Focus on quality of power - its only around 170-180V Muffled voices for merit… When small is no larger beautiful.. Land reclamation from sea appears cheaper! EEC at the National Media Centre Tihar, Puzhal not different from Parappana Agrahara Readers' Mail Lalu’s envy, India’s pride Silver Years of Madras Musings A proud Madrasi Pharma – overdose of copying EVM is tamper-proof GM Technology at last! Multi-faceted Venkat The ‘Ayyo-yes’ is no more Editor's Notes Sweet news for TN sugar mills Vibrant Gujarat The rise and rise of KCP TN accounts for the largest recruits by the IT sector Preserving for the future Parliament in paralysis... Tribute More Shakti to resource mobilisation... No engine for this car TELANGANA at last…BUT Strengthen the base... IAS invades NDDB... Rahman at CIC Welcome changes that testify to Jayalalithaa’s return to health All eyes on Sankara Nethralaya Intellectual of rare qualities The nuclear option Paytm karo... Bihar elections - the Rajaji formula worked
 
Medical costs hit the roof...

High prices of cement. Huge rise in housing prices. Soaring prices of PVC and a wide range of plastics products when oil prices on which these are based have dropped drastically. A crash in rubber prices contrasted with soaring tyre prices. India has been witnessing unhealthy, oligopolistic trends. These hurt the consumer, arrest growth and deny the fruits of competition to the average citizen.

This is witnessed even more acutely widely in the healthcare sector. The entry of corporates into the healthcare sector three decades ago, triggered by Apollo Hospitals’ P C Reddy, has helped bring world class healthcare facilities to India. Multi-specialty hospitals in metros and even Tier II cities vie with one another in offering quality healthcare. Speciality and super speciality hospitals abound. These cater to the requirements of the vast range of illnesses from cardiac problems to diabetes to eye care, hearing problems to skin diseases, dental problems, et al. These have substantially reduced the need to go abroad for treatment. Large hospitals like Sankara Nethralaya conduct surgeries on the lines of assembly lines of automobile factories.

In line with these a large number of support services have developed like diagnostic centres, scanning services, pharmacies, secondary level 24x7 clinics, blood banks, dialysis centres...

There is again a higher degree of sophistication in medical devices and hundreds of synthetic and artificial parts that are widely used. These have helped in quality medicare and the relief they provide from suffering.

All these are welcome. Sadly, however, costs have been ballooning. Pioneers like P C Reddy explain it away on the costs of implants, a vast range of surgical material, medical devices and the increasing range of expensive diagnostic machines that are imported.  With increasing sophistication of these replacements with higher efficiencies involve ever larger funding. There is the compulsion to generate resources to service the capital, to reward investors and for making fresh capital expenditure.

With increasing longevity and rise in prosperity, demand for better healthcare has been on the rise; over the past decade, health insurance, especially by the middle classes and above, has been expanding.

However, there is the concern over costs. Surveys point to large sections of the population incurring huge expenditure on surgeries and treatment that take them to the point of bankruptcy and penury. It has become urgently necessary to make concerted efforts to contain costs.

 

Author :
Reported On :
Sector :
Shoulder :
RELATED NEWS
ABOUT IE
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
 
PRIVACY POLICY
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
TERMS AND CONDITIONS
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
 
CONTACT US
S-15, Industrial Estate,
Guindy,
Chennai - 600 032.
PHONE: +91 44 22501236
EMAIL: indecom1968@gmail.com