why is the health sector full of imperfections, despite huge investments and increasing literacy rates? Satya Brahma

Satya Brahma, Chairman & Editor-In-Chief of Pharmaleaders opened up the debate with a scathing attack on the dual standard of the Government to encourage domestic Pharma companies & minimize the presence of the Multi-National Companies. Satya Said “ In an era of Globalization, free trade & inter commercial relations which has brought india to the world map, the attempt by the Government of India of not taking the consensus on factors such as FDI, Reforms, Free Medicines policy & Pricing are unfortunate & deplorable. Pharmaleaders, Asia’s Biggest voice in healthcare Communications & Media debated on “Brand India”, Beyond Generics - Leading with Resilience - Coming Back from Challenge and Heading towards Super-power Status is going to be the business mantra of today’s debate. Widely perceived by Industry’s Opinion Leaders & Analysts as the Centre-Point of debating complex & serious issues, pharmaleaders platform witnessed more than 20 top Industry Leaders deliberating on complex issues of this sensitive Industry.  

Questioning the intent of the Government, Satya Brahma stated “why is the health sector full of imperfections, despite huge investments and increasing literacy rates?. There are a number of factors responsible for it — lack of public financing, huge information asymmetry between consumers and the providers, lack of coherence in policy formulation between the Centre and States on the subject of healthcare and absence of proper regulatory oversight. Healthcare infrastructure, insurance coverage, disease prevalence, and patient population are the key fundamentals driving the healthcare industry into the future the current density demand indicated shortfall of hospital beds, doctors and nurses. The estimated requirement by 2025 is 1.75 million beds, 0.7 million doctors and 1.6 million nurse. Achieving this target will require a total investment of US$ 77.9 billion. Pharma market is expected to grow to US$ 54 billion. In 2010, it was cardiovascular and diabetes which are the fastest growing and the two diseases will continue to register 18 per cent and 20 per cent growth in terms of hospital admissions and therapies”.