government spending on public healthcare to 3% of India's GDP can help halve out-of-pocket expenditure for its citizens to 30%, according to the Economic Survey of 2020-21, released on Friday.The Survey said a rise in healthcare spending by the government over a decade in varied countries such as China, Indonesia, Philippines, Pakistan, and Thailand has significantly reduced out-of pocket expenditures of its citizens.Also Read |Covid vaccination faces slow start"An increase in public spending to 2.5-3% can substantially reduce out of pocket expenditure from the current level of 60% to 30%.
Therefore, the richer states should especially target increasing the healthcare spending as a per cent of GDP to 2.5-3%," the Survey said.Out-of-pocket.