Health Policy

Pvt hospitals to cross-subsidise treatment cost

Union Finance Minister P Chidambaram has urged private hospitals to cross-subsidise treatment cost, saying  government alone could not meet the requirement of poor patients.     “Private hospitals should cross-subsidise treatment cost notwithstanding the increase in the cost of equipments following rapid advancement in technology as government alone cannot meet the requirement of poor patients,” Chidambaram said recently.     With the advancement of technology, the cost of the treatment was bound to increase in tune with the Intellectual Property Rights, he said after launching the ‘World’s fastest and Asia’s first 128 Slice Heart CT Scanner,’ produced by Siemens, at private K G Hospital here.     Since the government alone could not provide treatment at low cost or free of charge, the private hospitals should come forward to cross-subsidise treatment, like banks lending money at different interest rates for different sectors, he said.     Meanwhile Chidambaram also lauded the presence of Siemens in the country, saying the company, which supplied the INR 6.5 crore machine, was making a turnover of INR 11,000 crore in India, which offered a vast market for engineering and service sectors.

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