India has undertaken significant strides in overcoming the challenges of availability, accessibility and affordability of quality healthcare. Public as well private players have contributed to quality healthcare through enhanced geographical coverage, enhanced healthcare services and increasing healthcare expenditure. The Indian healthcare industry is projected to continue its rapid expansion, with an estimated market value of US$ 280 billion by 2020. However, the challenges pertaining to demand and supply, lack of health infrastructure, etc. continue to exist. The Union Budget 2016 looks promising to make an essential withdrawal from the past, and expectations from the government are high. Some of the key aspects that need to be looked upon are: PPP partnership - The Union Budget 2016 may stress on the need for public and private partnership in ensuring quality healthcare facilities and health insurance for all across the country. Expanding the public/government funded health insurance schemes to cover every Indian may be an important and essential step the government should address. Tax deduction limit - Health Insurance premium limit under section 80D should be increased further considering increasing medical costs...
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