A Budget for Health: Why Prevention Could Be India’s Strongest Medicine
A Budget for Health: Why Prevention Could Be India’s Strongest Medicine As the Union Budget 2026–27 draws near, conversations around healthcare affordability are gaining urgency. For millions of Indian households, the rising cost of medical treatment has become a heavy burden, and industry leaders are calling for bold reforms to ease the strain. Mr. Srikanth Kandikonda, Chief Financial Officer of ManipalCigna Health Insurance, captures the challenge succinctly: “Medical inflation continues to be one of the biggest challenges facing India’s healthcare system, projected at 11.5%–14%, among the highest in Asia.” This sobering statistic sets the stage for a larger story—one where India must decide whether to continue reacting to illness or invest in preventing it. The Cost of Care vs. The Cost of Prevention Healthcare inflation in India is not just a number; it translates into families dipping into savings, postponing treatments, or falling into debt. While policy measures like remov...