India's Health Insurance and State Schemes Cross 20 Percent of Total Spending

Government-funded health schemes and private health insurance together reached 21.2 per cent of India's total health expenditure in the 2023-24 financial year. This marks a clear shift in how healthcare is financed in the country following the Covid-19 pandemic.

Growth Details

For the first time, both government schemes and private insurance crossed the 10 per cent mark individually. Social security health expenditure reached 11 per cent in FY24, rising steadily from 6 per cent back in 2013-14. Private health insurance grew even faster, climbing to 10.2 per cent from just 3.4 per cent in the 2013-14 financial year.

Context

These figures show how healthcare funding has changed over the past decade in India. More people now rely on insurance and public welfare schemes to pay for medical care rather than paying entirely out of their own pockets.