Commercialization of Health Care: Good or Bad?

Commercialisation of health care has become an obvious trend today. The direct outcome of it has naturally been the increasing cost of healthcare incurred by people. Like any other matter this too has both merits and demerits.

The merits of this trend are,

1) Many choices have been available to the people now-a-days as regards check-ups by specialist healthcare providers, admission to and/or other facilities provided by hospitals, types of diagnostic tests to be carried out, methods of treatment, ranges of medicines and so on;.

2) Research and development of medical science has been tremendously booted up;.

3) Necessary investments required to achieve the aforesaid ends have been realised;.

4) Talents are being attracted to the various fields and sub-fields of the medical science;.

5) It has widely expanded the drug and healthcare industries ;.

6) It has thus contributed to the employment and economic growth in commendable manner.

However, the benefits of commercialisation of health care do coexist with many undesirable effects that are not at all beneficial to the public. They can be described as under,

1) Escalating costs of healthcare have rendered it too dear for the poor and the disadvantaged sections of the society;.

2) Continuous trend in this direction will cause healthcare to go beyond the reach of the common people;.

3) Too much greed for profit would create many a nefarious activities in the system so that the high morals of this field will get contaminated;.

4) Commercialisation will lead to patentification inventions of drugs and other medical facilities rendering it too costly and inimical to public interest;.

5) Health is a significant factor in private as well as public domains of life and is very crucial in formation of human and social capital of a country for its progress and prosperity, so unbridled commercialisation must be kept under control;.

6) Commercialisation does not necessarily ensure quality controls in healthcare, examples abound in this respect. So care must be taken to curb any such tendency.

Commercialization is way to increase the profit of the one, so on applying the commercialization on the health makes bed effect just because by applying the commercialization the doctor always thinks about their profit that makes the poor guys in trouble those are unable to pay money for their cure many times the poor guys are scarifies with their health just because of the high rate for the treatment this came due to doctor invest their money in commercialization for increasing the profit and they recollect their money by the people that could make the commercialization bad but it would be good when it will use in research process for finding the different way for the disease.

Well, according to me commercialization/privatization of health sector is good but commercialization doesn't mean that the private hospital should be allowed to cut the pocket of common people on their own will. There should be regular check by competent authority like Medical Council of India (MCI). By commercialization people will get better health care and hygiene.

The term Commercialization means the Profit is implicit requirement. The commercialization of health care has been adopted by most of the capitalist countries (especially western countries) where the cost of medication is very high and one has to have health insurance to get medical treatment from hospitals otherwise he/she cannot afford it. Unfortunately, we Indians have such a mindset that "whatever is western, is good"; so obviously following the same pattern even in Healthcare. The Insurance lobby is backed by politicians, funded by western investors. So Insurance companies ensure that the medicare costs remain high and people tend to buy Health Insurance from them.

Private Hospitals and Insurance lobbies always favor each other. Since Government/Government aided hospitals are not well-equipped, most of the people left with no option but to get treatment in Private hospitals. So this is the whole vicious circle. If we ask for salaries of doctors working in Private Hospitals, well, they do not get paid handsomely. For example, doctors sign contract for Rs. 80000/- but they get the actual salary of Rs. 40000/-. So the obvious question arises that where our money goes?

The point behind the whole story is, Education and Healthcare are the backbones of our nation and every citizen has the fundamental right (at least in books) to get the both. So these two things must have Government Regulation. The current situation is exactly opposite.

So final word is, Commercialization of Healthcare is not at all good. I agree that most of the Government Hospitals are still in the 19th century, but on the other hand, Private Hospitals, although very advanced, are profit oriented and do not care about their patients.

Commercialization is good at times of urgency but when it comes to lives of common people of our country it is not possible almost for everyone at our country being a developing one so nationalisation could be a better move!

I can hopefully say that commercialization is one of the better way to develop the country in terms of economy, technology and growth rate in terms of health. As there is a boon for the new technology and well equipment's used in the new emerging private hospitals, of-course we need to pay but this is better when compared with going to the foreign countries. On the other hand to serve the poor the government is developing the hospitals in its best. Finally what I would like to say is if we start these kind of processes looking at the poor the status of the country will be same saying INDIA will always be a developing and poor country.

THANK YOU.

Commercialization of health care must be taken in a positive way. We all know the current situation of facilities in government run hospital a poor man get. If we have different health insurance companies providing a variety of plans, health care becomes easy and less suffering for a common man. Due to this commercialization of health care, today we have so many options for health care & for covering health expenses. Nowadays, we can do all the stuff online without meeting different agents/brokers.

Commercialization of health care.

Pros : Competition, facilities will improve. Even govt hospitals can come out of the present state.
Education : More competent doctors.
R and D : Need for better medicinal solutions, alternative products.
Tie-ups : Insurance, pharmacy companies tie up with hospitals, provide better products.
Affordability : a Poor class cannot afford.
Corporate greed : Unnecessary pricing. Not illness based. Same price for simple cold or TB. 700rs.
Politics : Substandard alternatives provided by politicians.

Commercialization is welcome. But moderated. Supervised. Pricing etc. To be regulated to an extent.

Hello, friends, I think commercialization of health care has both advantages and disadvantages -first, if we talk about advantages, then it's good for the hospital to make people aware about their latest technologies in hospitals, their latest treatment also about their doctors who have many many years of experiences. As patients are very much attracted with more experienced highly qualified doctors. So, with these reasons I think healthcare commercialization is good.

But in the same way, it has some disadvantages also if the most qualified doctor leaves the workplace then ultimately the revenue of the hospital is merely affected. So, in my opinion, the commercialization of the hospital is done according to the best facilities and services they are providing in their hospitals. So that mouth to mouth publicity your hospital gain.

Good Morning Friends,

According to me, Commercialization of health care is increased in this generation because commercial society is developed in many hospitals and health care. And also is it developed health care for common peoples in government hospitals also. Commercialization has also increased the facility to health care awareness about the people. Common facilities and also rare instruments also use and increase government hospitals. So commercialization is developed the health care for the common people.

Thanking You.