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Below the Quote on GST 2.0 Reforms by Ashish Goyal, Co-Founder and Whole-Time Director, Fibe

"The recent GST rationalisation marks a historic step towards simplifying India’s indirect tax structure and making essential goods and services more affordable. Among the most impactful measures is the exemption of GST on health insurance, which has the potential to transform healthcare access in India. Today, a significant portion of patients remain uninsured or underinsured, often deferring or foregoing treatment due to the high cost of premiums and out-of-pocket medical expenses. Exempting GST on insurance will not only make coverage more affordable but also encourage greater adoption, particularly among middle-income and vulnerable households. At the same time, such a move complements ongoing efforts in the healthcare financing ecosystem that support patients who do not have adequate coverage, ensuring that no one is denied care for financial reasons. This move will create a stronger, more inclusive safety net and enable healthcare decisions to be driven by medical need rather than affordability constraints.”

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