Ad Here  
The why of tax incentives Robber barons everywhere Welcome thrust on trade in Modi’s foreign visits... The rise and rise of KCP TGS- The king storyteller CIPET hqrs to stay at Guindy – for the present? Diamond jubilee of Egmore Samskrt School Valli, they are more marginalised Waning interest in public discussions… The Swadeshi Trump Road development slows down Tribute – M V Murugappan Polls and promises Kinetic Karnataka Kulandai was a giant R Sridhar steps down as CEO of Shriram Capital The ‘Jayanthi Tax.’ Limit foreign borrowings to hi-tech, export potential projects... Infrastructure funding – lessons learnt When small is no larger beautiful.. Building loyalty through the stomach Tough task taking states together All eyes on Sankara Nethralaya Protest masters... F C Kohli - his concerns all embracing The Gulf aviation boom Convulsions in The Hindu Scientists urged to take up farmer-oriented research Mu Sigma – is no more Measuring roof tops in terms of KW/MW When nations steal growth from one another… Sweeter prospects for sugar West Bengal: mindless malignancy A think tank for Chennai An informal presentation - analytical, forward locking... Shaming of Tamils by Tamil farmers at Delhi Mersal magnified Vibrant Gujarat When online building permits work…. Lesson from Chandrababu Naidu The Ports’ Pasha expands into Tamil Nadu Preserving for the future Towards speedy justice Welcome changes that testify to Jayalalithaa’s return to health Maximising the micro pricing … Like Hinduism: many paths to reach God... TIAM turns a full cycle MHC should not return to its old indisciplined ways CRS, a jewel among managers, is no more. Editor's Notes Wise Presidents The power-full Hindujas Online not in line with brick and mortar businesses... Boy, can you beat these? Colour-Chem’s colourful KRVS Excel Generators provide the vital back-up A C Muthiah – his munificent bequeaths to science When the President was rendered homeless… A more liberated TN… Tax agriculture Shanti and Sadhana through Music Make standards certification mandatory... Discoms deserve better… Insurance companies bleeding, yet no decision on increasing FDI limit! Welcome focus on core competence Another Indian music maestro at the UN Making ‘my Amaravati’... How Air-India loses customs... Sweet news for TN sugar mills Banning booze... An inexplicable neglect Roaring Ro-Ro facility A rich pool of talent not utilised…. EVM is tamper-proof Reliance’s TV – 18 ready to launch Tamil News Channel Dr C Rangarajan returns to Chennai TELANGANA at last…BUT L&T- the specialty of special purpose vehicles Nuclear power at the nucleus This scant respect for Law Naidu will soon build a new Hyderabad Poor quality of university VCs Airlines in India: cost and space Marketing expert Balagopal is no more The star of Spencers is no more Revving up the manufacturing sector Revive development banks... A proud Madrasi The balancing act Muffled voices for merit… Readers' Mail Fuel for thought Chennai and Kolkata miss opportunity to grow as Delhi and Mumbai TN – agglomerate land holdings without alienating ownership Pharma – overdose of copying Intellectual of rare qualities Plummeting profits of PSBs Things happen by accident and not by design... S V Raju – a ‘good’ true liberal Bihar – Nitish Kumar adopts the Lalu model Tribute – UCAL Selvan… CSR and CMI: promise of another Srinivasan Ramanujan... Gay abandon in pricing Return to king coal for urea... Moily’s bold thrust Inflation: are we emulating Argentina and Brazil? More Shakthi to Das’ elbow Tatas moving out of urea production... Why land prices zoom in TN? Breaththrough in malaria control Adapt Vajpayee dinner diplomacy Poor representation for Kerala and TN in Cabinet A professional at the helm of IRDA... Music happens Computation of GDP – conundrums continue More tributes to GR Air Asia India will set new benchmarks for budget travel Silver Years of Madras Musings Not just in-laws (and outlaws); they’ve renowned academics at the helm! Welcome GST Telangana in top gear… The brown list of Venkitaramanan Tatas moving out of urea production... Put expensive assets created to use... SoA @ 80 Rahman at CIC Varuna (rain) in 2015; Vaayu (air) in 2016. Chennai devastated Focus on quality of power - its only around 170-180V Delhi is distant… Streamlining mandatory third party cover Shipping woes of Chennai companies Shale gas and its shallow future China invests in India Wanted: a second airport for Chennai He saved millions from starvation... Russi Mody – a tribute Demise of a media baron... Delhi is distant Haul over the coal Delhi Chalo... The rise and fall of Annamalai University Lalu’s envy, India’s pride Tribute The sea- saw battle continues... Rs.1600 crore paper board plant of TNPL An enemy’s enemy is a friend Which side are you, Montek? Increasing non co-operation of state leaders No engine for this car Recognition to role of NBFCs.... When Ratan Tata visited SRM Editor's Says Secularism and anti-Hinduism Godspeed, Chief Minister JJ A friendly business group Small units prefers to remain small... When TN politicians can emulate Kerala's B H Kothari - a tribute The ‘Ayyo-yes’ is no more A Grand Finale for SN’s MS centenary at the US… Kudos to NDTV... Adharma of opposition politics Fortune 500 review Why this malaise in medical education? Medical costs hit the roof... IPL - no surprise this scam Cutting the nose to spite the face Modi and the lady Paytm karo... More heat than light Engineering seats go abegging A welcome initiative by the judiciary S Ramanathan – a versatile musician, musicologist Whistle-Stop Tour of Raghuram Rajan The Jan Dhan bonanza Multi-faceted Venkat Quality silica from Neyveli …and of a popular trade leader Liberal imports idling indigenous capacities Bihar elections - the Rajaji formula worked Auto components surge… Solar thermal shines… Odisha: spectacular win by Naveen Patnaik Fortune for Indian Airlines ONGC at KG Basin Permanent secretariat for TN GIM Land reclamation from sea appears cheaper! Where is Rajaji? to the lack of interest on the part of these to focus on original research. This despite the much lower costs of such research in India. The industry which thrived on the protection of a closed economy and the advantage of a vast domestic market, has failed to organise its evolution on healthy lines Remembering Indira Sivasailam... Of course, Gujarat is vibrant Contrarian cousins WTO Meet: resolved to meet again A yen for wastage… Naidu’s return augurs well for Seemandhra TN accounts for the largest recruits by the IT sector Sri Lanka votes for change Where a state respects its litterateurs… For whom the bell tolls? Quality education through the PPP mode Eternal support for capitalisation of PS banks Parliament in paralysis... Come elections, come advertisements... TN-leverage strength of BHEL, NLC... Fall in crude prices help in oil sector reform Modi storms Silicon Valley Noble nonagenarians... Gas is the way forward GM Technology at last! GNS - 100: our first subscriber New IT products of Ramco in the pipeline… The few handicaps... Align crops to agro climate endowments… Should we change the official year? Solar, solar everywhere … PPP mode for upgrading Corporation Hospitals London, London Narayan L&T: focus on infrastructure and more infrastructure… No Maha Koottani in TN... Delhi returns to BJP PC’s preference for professionals The nuclear option Cement prices continue to rise… Tihar, Puzhal not different from Parappana Agrahara Funding the un-funded CII projects higher growth… IAS invades NDDB... Build close rapport with business leaders For whom the MIDS bell tolls? There was flood of milk. Reason: no milk commissioner! Tribute – Manikam Ramaswami No mega rail project for Tamil Nadu A Grand Finale for SN’s MS centenary at the US… He continues the focus on social amelioration Padma Bhushan for A Ramakrishna More Shakti to resource mobilisation... Alexa – Talking Wikipedia EEC at the National Media Centre Cleaning Ganga – relocate tanneries and install electric crematoria Don’t seem to feel the pulse… IPL type auction for VCs? Strengthen the base... A glass full of corruption Five star activism stalls development activity
Medical costs hit the roof...

High prices of cement. Huge rise in housing prices. Soaring prices of PVC and a wide range of plastics products when oil prices on which these are based have dropped drastically. A crash in rubber prices contrasted with soaring tyre prices. India has been witnessing unhealthy, oligopolistic trends. These hurt the consumer, arrest growth and deny the fruits of competition to the average citizen.

This is witnessed even more acutely widely in the healthcare sector. The entry of corporates into the healthcare sector three decades ago, triggered by Apollo Hospitals’ P C Reddy, has helped bring world class healthcare facilities to India. Multi-specialty hospitals in metros and even Tier II cities vie with one another in offering quality healthcare. Speciality and super speciality hospitals abound. These cater to the requirements of the vast range of illnesses from cardiac problems to diabetes to eye care, hearing problems to skin diseases, dental problems, et al. These have substantially reduced the need to go abroad for treatment. Large hospitals like Sankara Nethralaya conduct surgeries on the lines of assembly lines of automobile factories.

In line with these a large number of support services have developed like diagnostic centres, scanning services, pharmacies, secondary level 24x7 clinics, blood banks, dialysis centres...

There is again a higher degree of sophistication in medical devices and hundreds of synthetic and artificial parts that are widely used. These have helped in quality medicare and the relief they provide from suffering.

All these are welcome. Sadly, however, costs have been ballooning. Pioneers like P C Reddy explain it away on the costs of implants, a vast range of surgical material, medical devices and the increasing range of expensive diagnostic machines that are imported.  With increasing sophistication of these replacements with higher efficiencies involve ever larger funding. There is the compulsion to generate resources to service the capital, to reward investors and for making fresh capital expenditure.

With increasing longevity and rise in prosperity, demand for better healthcare has been on the rise; over the past decade, health insurance, especially by the middle classes and above, has been expanding.

However, there is the concern over costs. Surveys point to large sections of the population incurring huge expenditure on surgeries and treatment that take them to the point of bankruptcy and penury. It has become urgently necessary to make concerted efforts to contain costs.


Author :
Reported On :
Sector :
Shoulder :
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
S-15, Industrial Estate,
Chennai - 600 032.
PHONE: +91 44 22501236