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GST: Health care to get dearer; Apollo to pass on cost rise beyond 2%

Govt's decision to exempt health care from GST had accorded the sector due importance

Press Trust of India  |  New Delhi 

GST, Tax
GST, Tax

Overall health care cost could increase post as some services and products will be taxed at 15-18 per cent, although health care per se has been exempted, said on Tuesday.

Apollo Chairman Prathap C Reddy said if there is an increase in health care cost by up to two per cent, hospitals would be in a position to absorb the hike but anything more than that would have to be passed on to patients.



"There is no for us but there are services and some products with rate ranging from 15 to 18 per cent that have fallen on us," Reddy said in reply to a question by PTI.

So, after the cost increase for hospitals will be around two per cent more, he added.

"If the increase is up to two per cent, hospitals can absorb it but if it is three or four per cent then patients will have to bear it," Reddy said.

The Council has exempted health care from slated to be rolled out from July 1.

He, however, welcomed the government's move to exempt health care from

had stated earlier that the has accorded health care and education the due importance and impetus that they need to become game-changing agents for transforming India, its people and the economy.

Reddy also said the company is back to normal after the demonetisation and continues to grow.

has 9,215 beds across 64 hospitals. It also has 2,500 pharmacies, over 90 primary care and diagnostic clinics and more than 110 telemedicine centres.

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GST: Health care to get dearer; Apollo to pass on cost rise beyond 2%

Govt's decision to exempt health care from GST had accorded the sector due importance

Govt's decision to exempt health care from GST had accorded the sector due importance Overall health care cost could increase post as some services and products will be taxed at 15-18 per cent, although health care per se has been exempted, said on Tuesday.

Apollo Chairman Prathap C Reddy said if there is an increase in health care cost by up to two per cent, hospitals would be in a position to absorb the hike but anything more than that would have to be passed on to patients.

"There is no for us but there are services and some products with rate ranging from 15 to 18 per cent that have fallen on us," Reddy said in reply to a question by PTI.

So, after the cost increase for hospitals will be around two per cent more, he added.

"If the increase is up to two per cent, hospitals can absorb it but if it is three or four per cent then patients will have to bear it," Reddy said.

The Council has exempted health care from slated to be rolled out from July 1.

He, however, welcomed the government's move to exempt health care from

had stated earlier that the has accorded health care and education the due importance and impetus that they need to become game-changing agents for transforming India, its people and the economy.

Reddy also said the company is back to normal after the demonetisation and continues to grow.

has 9,215 beds across 64 hospitals. It also has 2,500 pharmacies, over 90 primary care and diagnostic clinics and more than 110 telemedicine centres.
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Business Standard
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GST: Health care to get dearer; Apollo to pass on cost rise beyond 2%

Govt's decision to exempt health care from GST had accorded the sector due importance

Overall health care cost could increase post as some services and products will be taxed at 15-18 per cent, although health care per se has been exempted, said on Tuesday.

Apollo Chairman Prathap C Reddy said if there is an increase in health care cost by up to two per cent, hospitals would be in a position to absorb the hike but anything more than that would have to be passed on to patients.

"There is no for us but there are services and some products with rate ranging from 15 to 18 per cent that have fallen on us," Reddy said in reply to a question by PTI.

So, after the cost increase for hospitals will be around two per cent more, he added.

"If the increase is up to two per cent, hospitals can absorb it but if it is three or four per cent then patients will have to bear it," Reddy said.

The Council has exempted health care from slated to be rolled out from July 1.

He, however, welcomed the government's move to exempt health care from

had stated earlier that the has accorded health care and education the due importance and impetus that they need to become game-changing agents for transforming India, its people and the economy.

Reddy also said the company is back to normal after the demonetisation and continues to grow.

has 9,215 beds across 64 hospitals. It also has 2,500 pharmacies, over 90 primary care and diagnostic clinics and more than 110 telemedicine centres.

image
Business Standard
177 22