Healthcare costs will soar in next 5 years
Healthcare costs are already too high in India. They will soar even further and nothing can be done. Insurance will be the only way. That too will be sold by US firms.
The GoI then, whoever it is running the govt, can't do anything as they will be held hostage by these medical, hospital and pharma unions.
The day is not far when India's healthcare industry will be run by the US. They can develop, test, and sell drugs in India with their monetarily influenced and incentivized Indian medical community and capitalists at any price as they wish.
Why is the GoI allowing a free run for American private equity in buying up India's hospitals and healthcare industry? Every major hospital chain in India is now being bought up by foreign private equity in record investments.
Let India try just one thing. Setup a private fund like Temasek of Singapore with enough capitalization to go bid for one of Singapore's healthcare chain or US's hospital chain.
I can assure you that they will immediately block any investment, make it an investigation, and ban the private fund itself as being 'hostile.'
Now let's not talk about how other home grown chains and successful Indian brands like Havmor and Haldiram are being allowed to be sold off. It only makes me sad.
I wish our opposition raises such important issues that will affect all Indians in the future instead of targeting our own companies and private sector for politics. more