Increasing Private Sector's Healthcare Expenditure in India: An Empirical Test
Keywords:
Private healthcare expenditure, India healthcare spending, Health expenditure trendsAbstract
This study analyzes the trends in private healthcare expenditure in India from 2013 to 2023, using a quantitative approach based on linear regression analysis of national financial data. Over this period, private healthcare spending rose from $77 billion to $119 billion, with an average yearly increase of $3.65 billion. The strong positive correlation (r = 0.894) and statistically significant p-value (0.0002) confirm a robust upward trend in private healthcare expenditure. These findings highlight the increasing role of private sector spending in India's healthcare landscape, influenced by rising incomes, urbanization, health emergencies, and expanding access to advanced medical technologies. The study underscores the urgent need for policy interventions to regulate cost escalation and promote equitable healthcare financing, integrating both private and public sector contributions. It paves the way for further research into regional disparities, insurance impacts, and healthcare affordability, providing valuable insights to support balanced, sustainable health system development in India.
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