North Mumbai most deficient in health facilities: Satish Jain

An alumnus of IIM Bangalore and one of Asia’s top rated fund managers, Satish has been part of the core team that developed the manifesto and economic policy of AAP

April 09, 2014 10:07 IST | India Infoline News Service
On the occasion of World Health Day, Aam Aadmi Party’s candidate for North Mumbai, Satish Jain pointed out the lack of hospitals in the constituency, and the systemic failure of Government Hospitals, where they did exist.
“On one hand, health care is becoming costlier and on the other, the ills that plague Government supported health care are only rising. With the kind of budgets that the Government hospitals have, they can easily create facilities that are on par with private hospitals. It is only corruption and mismanagement that are responsible for the current state of affairs,” says Satish Jain.
An alumnus of IIM Bangalore and one of Asia’s top rated fund managers, Satish has been part of the core team that developed the manifesto and economic policy of AAP. He will be coming out with an action plan to improve the health care facilities in this region. “One of the agendas would be to build systems that will not leave scope for anybody to indulge in corruption. Secondly, in cities like Mumbai, there will need to be closer integration and co-ordination with the Municipality and other local bodies,” he adds.
Mumbai North, which covers Borivali, Dahisar, Magathane, Kandivali East, Charkop and Malad West, having an estimated twenty five lac population, has very few Government and multi-specialty hospitals. The AAP candidate will press for building hospitals that are affordable for every section of the society, in this region. It will also press for policy initiatives that will warrant the sale of medicines only by their generic names and not by their brand names. “For instance, paracetomol is a generic name that is sold under different brand names at different prices. Some doctors, who are in an unholy nexus with certain pharmaceutical companies, prescribe the more expensive brands. Not many users know that the cheapest and the most expensive tablets are actually the same – merely labeled differently. It is only because of the vulnerability of the patient that the doctors are able to get away with this. Once pharmacists are forced to sell medicines by their generic names only, a lot of medicines will become cheaper,” says Satish Jain.
“There also exists a nexus between doctors and pathology laboratories that has lead to high cost of blood and other tests. The middle class and senior citizens are not able to afford even routine blood tests because of this system of commissions. Once the nexus is ended, the costs will dramatically come down. We will also create a network of Government supported laboratories that will offer these services free of cost or at nominal fees. The beauty of the plan is that much of the money for setting up this infrastructure can come from the existing allocations. It is just that we will ensure the money does not go in the private kitty of officials, but will be used to benefit the aam
 aadmi,” concludes the debutant candidate.
Satish Jain’s entry into politics is preceded by an impressive track record in the financial sector. Rated by many surveys as one of the top fund managers of Asia, Satish’s career spanned eighteen years in the financial sector and included stints with Morgan Stanley and HDFC as Executive Director and Portfolio Manager. Allied with ArvindKejriwal since the India Against Corruption (IAC) movement and inspired by the same, Satish Jain has quit his lucrative career to join full time politics. 
He is one of the six candidates fielded by AAP in Mumbai. Other candidates fielded by the party include, Mayank Gandhi from Mumbai North West, Medha Patkar from Mumbai North East, Meera Sanyal from Mumbai South, Phiroze Palkhiwala from Mumbai North Central and Sunder Balakrishnan from Mumbai South Central.

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