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India cut GST on 33 life-saving drugs and health insurance to lower patient costs, while raising tobacco tax to 40%.
India has removed GST on 33 life-saving drugs, including cancer treatments and patented medicines without generics, and exempted health and life insurance from the 18% tax, aiming to reduce patient costs.
The GST Council raised tobacco tax to 40%, the highest rate, though tobacco remains under the 28% slab until pending obligations are settled.
Researchers from AIIMS Delhi say the reforms could improve access to care but stress that success depends on effective implementation and passing savings to patients.
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India recortó el GST en 33 medicamentos que salvan vidas y seguro de salud para reducir los costos de los pacientes, mientras que aumentó el impuesto al tabaco al 40%.