Abolish GST on Health Insurance

The Goods and Services Tax (GST) has undoubtedly transformed the financial landscape of India, but its application to health insurance is detrimental to public health and welfare, necessitating its complete removal. Firstly, imposing GST on health insurance increases the financial burden on individuals and families seeking essential healthcare services, making it harder for them to afford adequate coverage.

 In a country where out-of-pocket expenditure on health is already alarmingly high, the addition of a 18% GST can discourage citizens from purchasing health insurance altogether, leaving them vulnerable to catastrophic health expenses. This tax can disproportionately affect lower-income populations, exacerbating existing health inequities and hindering access to necessary medical care, which should be a fundamental right for all.

 Furthermore, the increased cost of health insurance can affect the uptake of preventive care services, as families may forego insurance altogether or delay purchasing it until a medical emergency arises. This reactive approach not only puts individuals at risk but also places additional strain on the public healthcare system, which is often not equipped to handle sudden surges in demand for services.

 By removing GST on health insurance, the government would like not only to alleviate the financial burden on citizens but also to encourage a culture of preventive healthcare, fostering a healthier population and ultimately reducing long-term healthcare costs for the state.

 Additionally, a tax-free health insurance sector could stimulate greater market competition, leading to improved services and products tailored to meet diverse health needs.

 In the spirit of promoting health and well-being for all, the elimination of GST on health insurance is a critical step towards creating a more equitable and efficient healthcare system in India, ensuring that no one is denied access to essential care due to financial constraints.