One of the most essential components of a society’s well-being is its “healthcare” system. In fact, healthcare is regarded as a crucial indicator of how well a nation is doing. But not everything is well in terms of the healthcare system in India. However, if there is a third world country that’s getting ahead of others in terms of medical facilities, it’s Korea.
In addition to saving thousands of lives, the swift response of the Korean healthcare system to the COVID-19 pandemic served as a template for the rest of the globe. Despite having a population greater than many developed nations, Korea has lost less people to death than countries equipped with great medical infrastructure.
Koreans pay less in taxes for healthcare than any developed countries do, and citizens of those countries pay private insurance on top of that, therefore access to the coverage in a country with “free healthcare” is not possible in these countries despite the hefty fee.
Through the National Health Insurance Corporation, an agency of the Korean Ministry of Health and Wellness, national health insurance is offered to all citizens of Korea. It is paid for by an average 5.06% payroll deduction from each employee’s and employer’s monthly income. Most hospitals in the nation are privately owned, as are the majority of the professionals. So, the quality of medical assistance Koreans receive is exemplary.
However, a research by the Union ministry of statistics and program implementation has found that hospitalization for any illness in India is six times more expensive in a private facility than it is in a public one. TOI randomly checked the cost of medical care in private and public hospitals in Bengaluru. It was discovered that hospitalization in private facilities cost 2–20 times more than in public facilities.
The WHO emphasizes the significance of a healthy society for a strong economy since healthy people will live longer, earn more, and save more money. According to research, countries must invest at least 6% of their GDP in healthcare. Only 1.5% of India’s GDP is allocated to healthcare. This is unquestionably less in a nation with roughly 1.3 billion inhabitants. While there’s a long way for India to provide accessible healthcare to all its inhabitants, we must take cues from Korea’s inexpensive and good quality health care system.


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