The Budget must acknowledge that quality of healthcare delivery is non-negotiable, it said in a statement.
Finance Minister Arun Jaitley will present the Budget in Parliament on February 1.
"By according National Priority Status for healthcare, the government can signal its intent to put in place an enabling environment that will attract capital - both financial and intellectual, and stimulate the creation of high-quality capacity," Apollo Hospitals MD Suneeta Reddy said.
in public-private partnership (PPP) models, or purely by incentivising the private sector with carefully structured tax benefits, she added.
More From This Section
Joining other industry players in the sector, Reddy said: "The payer problem demands urgent attention we urge the government to adopt Universal Health Insurance at viable rates for all players, and to incentivise the consumers through higher tax deductions for healthcare expenditure and insurance payments".
Zero rating of health care services and health care insurance premiums under the GST regime would be most important to ensure that the cost of care remains protected for the consumer, she added.
It is critical that all stakeholders the public, government and the private sector come together now to create a partnership of trust, which empowers the private sector to create and build capacity, she added.