How Affordability Financing Is Reshaping Access To Healthcare In India

How Affordability Financing Is Reshaping Access To Healthcare In India

SUMMARY

Unlike consumer goods, where financing options like “no-cost EMIs” are easily available, healthcare financing has been left behind

With the rise of Buy Now, Pay Later (BNPL) services or affordability financing, a game-changing option has emerged to close this gap

In the future, BNPL will play a crucial role in healthcare financing, caused by the developments in embedded finance, legislative backing and technology breakthroughs

India’s healthcare system is experiencing a financial crisis. A NITI Aayog report revealed that Indians paid over $72 Bn out-of-pocket for healthcare expenses, making out-of-pocket expenditure (OoPE) one of the largest financial burdens for Indian households. 

This high expense frequently pushes families into debt and poverty. Unlike consumer goods, where financing options like “no-cost EMIs” are easily available, healthcare financing has been left behind. This disparity leaves many patients deferring essential treatments due to a lack of financial resources, aggravating health issues and increasing long-term medical costs.

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