However by the middle of the eighties and start of nineties, the western capitalist economies led by US who were behaving as if they are the saviours of our economy, started demanding and dictating that we open our health, insurance, transport and consumer sectors to them.
They were hunting for new markets with lots of promise and expanse, and found India the most suited and obeying. They also cultivate many 'intellectuals' and 'economists' here also and planted propagandist literature. Many gullible pubic thought that the floodgates to heaven are ready to open.
The result was that we opened our gates and there was an avalanche. Initially to kill our domestic players and capture business they kept prices artificially low with predatory tactics. Slowly the original colours started showing. People realised they are fooled. Then we witnessed that the economy of those 'financial wizards' collapse and because of our own savings culture we were saved from catastrophe.
Now we have disregarded our good public Health Schemes, public distribution of essential medicines and end up paying through our noses for healthcare.
As far as there are multinational and big corporate players in the healthcare, health insurance field the prices will never come down. It is hoping against hope.
We do not need to learn that from America. What they are doing now is to mimic the effects of our government hospitals and such, where we get all facilities for free, or for much lower prices. Also, we have hospitals for all sorts of price ranges in India already.
There are also a lot of charitable trusts which run hospitals where if you get a letter from charity commissioner, you get treatment for free or for very low prices.
USA is only implementing it now, while India and the European Union are way ahead in this sphere of public good.
The only wealth which gains when you give it away is knowledge. So give it away to gain more
Share and Acknowledge is the best way to enhance knowledge
K Mohan @ Moga
'Idhuvum Kadandhu Pogum "
Even this challenging situation would ease
1) Population - It is not feasible to offer free services to such a large population unless they have a good plan
2) Corruption - Even if they come out with a needed plan, everyone wants to jump into the well. Well to do people, who can pay for their own services will start corrupting the system with fake cards to avail free services depriving the actual needy ones