Reduce taxes on medical equipment, says G. SRINIVASAN, CEO of Athulya - India’s largest Assisted Living and leading home-healthcare service provider.
The changing dynamics of the healthcare industry post the outbreak of Covid-19 has elucidated the need for enhancing the skills of existing healthcare workers to facilitate better service.
Hence, initiatives to motivate youngsters to take up a career in the healthcare industry and to include continuous development programs in their curriculum to enhance their skills will address the current demand for healthcare professionals.
To help our senior citizens meet the rising cost of medical treatments we would request to increase the health insurance age limit for senior citizens and to include provisions to increase the coverage, irrespective of existing medical illnesses.
To increase the support and guidance given to start-ups, in the form of incentives towards building and developing healthcare technologies that would aid in early detection, monitoring, screening and diagnosis of health ailments. This will reduce our dependence on international companies for the same.
We would also expect the government to considerately reduce the taxes imposed on medical equipment that are very essential, which will result in bringing down the overall medical expenses for an individual with ailments and comorbidities.
Eventually, helping our senior citizen community to fight the potential escalations in their medical bills.
And finally, to increase the tax benefits against their medical expenses and to revise the existing deduction for senior citizens as the cost of living has increased.