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Economic Survey 2021 highlights need for healthcare sector regulator

On the lines of banking and finance industry - that mitigates the information gap through credit rating agencies and credit bureaus, the Economic Survey suggests creating agencies to assess the quality of the healthcare providers – both doctors and hospitals; and patients.

January 29, 2021 / 03:47 PM IST

The Economic Survey 2021 has highlighted the need for a healthcare regulator to undertake regulation and supervision of the sector.

"Given the information asymmetries that make unregulated private enterprise suboptimal in healthcare, a sectoral regulator that undertakes regulation and supervision of the healthcare sector must be seriously considered," Economic Survey said.

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"This is especially pertinent as regulation has grown in importance as a key lever for governments to affect the quantity, quality, safety and distribution of services in health systems," it added.