30% People Don't Buy Health Insurance Due To High Premium: Study
11 months, 2 weeks ago

30% People Don't Buy Health Insurance Due To High Premium: Study

News 18  

A new study by healthcare provider Pristyn Care found that 3 out of 10 people across cities in India don’t buy health insurance due to high premiums. The study highlighted that Covid-19 pandemic with its unpredictability and deadly consequences underscored crucial lessons in healthcare and how the system needed to be more resilient and adaptable in the coming times. The survey revealed that around 45% of people bought health insurance after the pandemic, while around 42% increased their insurance limit – which shows the importance and value of health coverage. The study also revealed that more than 60% think medical procedures are cost-effective in India but 5 out of 10 patients in tier 2 and 3 cities still travel to metros for better treatment.

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History of this topic

Soaring inflation pushes up health insurance premiums; makes standardised care costlier
2 days, 3 hours ago

Soaring inflation pushes up health insurance premiums; makes standardised care costlier

The Hindu  

Since the COVID-19 pandemic, India is witnessing a surge in healthcare cost inflation, making assured and standardised healthcare unviable for several sections of the society and pushing up health insurance premiums. Speaking to The Hindu, Sumit Bohra, president of the Insurance Brokers Association of India notes that currently in India, rising healthcare costs and growing health insurance premiums are feeding …

Global Investors Are Flocking to India's Healthcare Sector: A Healthcare Industry Powerhouse
1 month, 3 weeks ago

Global Investors Are Flocking to India's Healthcare Sector: A Healthcare Industry Powerhouse

Live Mint  

Global investors are flocking to India's healthcare sector due to the country's increasing insurance penetration and the government's Ayushman Bharat Scheme, which aims to provide free access to health insurance coverage for low-income earners. The scheme currently covers about 500 million poor people in the country and is being expanded to cover all citizens above 70.

Different types of health plans in India
3 months, 3 weeks ago

Different types of health plans in India

Hindustan Times  

A medical emergency can strike at any time and create significant mental and financial stress. A health insurance policy covers the following expenses of policyholders: Hospital bills Pre- and post-hospitalisation expenses Home healthcare Daycare procedures Organ donor expenses AYUSH treatments Road ambulance bills Pre-existing diseases Preventive health check-ups Different types of health plans in India The following are some important …

Budget 2024: Health insurers seek more attractive tax incentives—and a regulator
5 months, 2 weeks ago

Budget 2024: Health insurers seek more attractive tax incentives—and a regulator

Live Mint  

In the interim budget for 2024-25 presented in February, finance minister Nirmala Sitharaman increased the government’s allocation towards the health sector by nearly 14%. “To enable better retail health insurance penetration, the government can consider categorising them under a separate HSN code and lowering the tax to 5%," says Parimal Heda, chief investment officer, GoDigit General Insurance. The tax on …

India insured by 2047: Insurance companies must be profitable to achieve this
7 months ago

India insured by 2047: Insurance companies must be profitable to achieve this

Live Mint  

In synchrony with the broader national intent of India becoming a developed nation, the Insurance Regulatory and Development Authority of India has embraced the laudable goal of “India Insured by 2047." The objective is to ensure that “every citizen has appropriate life, health and property cover and every enterprise is supported by an appropriate solution" and to make India’s insurance …

Healthcare privatisation linked with worse outcomes, higher profits: Lancet Study
7 months, 1 week ago

Healthcare privatisation linked with worse outcomes, higher profits: Lancet Study

New Indian Express  

NEW DELHI: Privatisation of healthcare was found to almost never have a positive effect on the quality of care, and was associated with higher profits, a research that reviewed previous studies of high-income countries such as the US, Germany, Canada, and South Korea has claimed. In their analysis, the researchers, led by those at the University of Oxford, UK, included …

What you can do to reduce your out-of-pocket-expenditure on healthcare
1 year, 7 months ago

What you can do to reduce your out-of-pocket-expenditure on healthcare

Live Mint  

The young advertising executive was on his way home from office when he felt a sharp pain in his abdomen. First, the hospital where he was admitted said that he had to immediately pay ₹50,000 towards admission—It informed him that he was not eligible for cashless admission since the hospital was not part of the insurer’s network. While people with …

Most Indians unaware of employer-offered healthcare plans, benefits: Survey
1 year, 8 months ago

Most Indians unaware of employer-offered healthcare plans, benefits: Survey

Live Mint  

New Delhi: The coronavirus pandemic underscored the importance of health insurance among Indians, leading to the rise of group health insurance plans as a solution for providing affordable healthcare benefits. Alarming lack of awareness The survey revealed that 6 of 10 had no idea who their employee healthcare benefits provider was, 9 out of 10 individuals had employer-provided healthcare coverage, …

Alleviating the scourge of private healthcare
1 year, 11 months ago

Alleviating the scourge of private healthcare

The Hindu  

India ranks poorly on multiple health financing indicators. Public health insurance schemes have often been reproached for imposing unreasonable package rates on empanelled private providers with a weak regard for actual costs of care. For instance, some countries like Canada have conceived regional health boards that organise care equitably within regions, exploit economies of scale, and bring down healthcare costs. …

The Missing Link in India’s Journey Towards Universal Health Coverage
2 years ago

The Missing Link in India’s Journey Towards Universal Health Coverage

News 18  

Out-of-pocket-expenditure remains a challenging part of India’s health system story. Further, according to NITI Aayog’s report ‘Health Insurance for India’s ‘Missing Middle’, the ‘missing middle’ constitutes at least 30% of the population which may not get covered under any government subsidised health insurance schemes like PM-JAY, social health insurance schemes like the Employee State Insurance Scheme or private voluntary health …

Post-COVID demand for health insurance in India shoots up by 321%: report
2 years, 5 months ago

Post-COVID demand for health insurance in India shoots up by 321%: report

The Hindu  

Demand for health insurance in India shot up by 321% post-COVID, with Star Health, Max Bupa, Aditya Birla, HDFC Ergo, and Acko dominating the leading five searched and sought-after insurance brands, according to the latest Just Dial Consumer Insights released recently. The report suggests that while searches during the April-May-June’22 quarter shot up three times year-on-year, the quarter-on-quarter growth was …

What are the factors I should look into to choose a health insurance policy
2 years, 6 months ago

What are the factors I should look into to choose a health insurance policy

Live Mint  

I am a 43-year-old with two kids, currently posted in Mumbai. Please suggest me suitable health insurance policy options, how much insurance cover would be enough in Mumbai, and what are the factors I should look into to choose the right health insurance policy. ₹50 Lakh of Lifetime Health Plan - Domestic from Manipal Cigna Health insurance Co. - ₹32,214 …

90% of Rajasthan's Population Has Health Cover, States Report; CM Gehlot Expresses Happiness
2 years, 6 months ago

90% of Rajasthan's Population Has Health Cover, States Report; CM Gehlot Expresses Happiness

News 18  

Rajasthan Chief Minister Ashok Gehlot on Saturday expressed happiness over a news report which stated that almost 90 per cent of the state’s population has health insurance. Gehlot said the facility of health insurance of Rs 10 lakh is available for all citizens of Rajasthan under Chiranjeevi Yojana. The chief minister also urged Prime Minister Narendra Modi to expand the …

40% want unhealthy people to pay more for health insurance
2 years, 7 months ago

40% want unhealthy people to pay more for health insurance

NL Times  

Almost half of Netherlands residents are not prepared to pay more for health insurance to maintain the quality of care. "If nothing changes, patients will no longer be able to count on good care in all cases in the near future," said Sjaak Wijma, chairman of the board of directors of the National Healthcare Institute. Four in ten respondents believe …

Extend health cover to the ‘missing middle’
2 years, 7 months ago

Extend health cover to the ‘missing middle’

Hindustan Times  

The National Health Authority plans to extend health insurance coverage under the Ayushman Bharat Pradhan Mantri Jan Arogya Yojna to gig workers who earn between ₹15,000 and ₹25,000 per month, Mint reported on Monday. This scheme, if operationalised, will be a much-needed, welcome step because the Indian economy is moving from permanent employer-employee relationships to on-demand employer-employee relationships, and many …

Defining a new pathway for enhanced healthcare
2 years, 9 months ago

Defining a new pathway for enhanced healthcare

Hindustan Times  

The challenges faced in the past by the Indian healthcare system pale in comparison with those brought on by the pandemic. Globally it can be seen that government expenditures on health need to be more than 70% to 75% of total health expenditures to deliver truly high-quality healthcare services. A review of the November 2021 State of State Finances report …

Loss of income, rise in health expenses: How the Covid pandemic has made Indians poorer
3 years ago

Loss of income, rise in health expenses: How the Covid pandemic has made Indians poorer

India Today  

Sample these: 65.6 per cent households in lower-income countries reported financial reasons for not accessing healthcare during the pandemic; global poverty rates have increased for the first time in decades; 9.7 crore additional people have been pushed to extreme poverty in 2020 due to Covid. “The global poverty rate has increased for the first time after the 1997-98 Asian financial …

More a private sector primer than health-care pathway
3 years, 1 month ago

More a private sector primer than health-care pathway

The Hindu  

The central government’s flagship health insurance scheme, the Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana, aims to extend hospitalisation cover of up to ₹5 lakh per family per annum to a poor and vulnerable population of nearly 50 crore people. Apart from AB-PMJAY and State-level government health insurance schemes, small segments of the Indian population are covered under social health insurance …

‘More Money for Health’: Financing Universal Health Coverage in India
3 years, 3 months ago

‘More Money for Health’: Financing Universal Health Coverage in India

Hindustan Times  

Any discussion of the pathways that India needs to take towards Universal Healthcare would be incomplete without a clear understanding of how it is to be financed. However, perhaps the most important challenge that we face in our UHC journey is that while the proportions being allocated to healthcare by each state government from its annual budget vary greatly and …

The health nudge is merely a mirage
3 years, 10 months ago

The health nudge is merely a mirage

Live Mint  

HYDERABAD : The Union Budget, as expected, focused on healthcare, recognizing the havoc that the pandemic has caused in the country. With current enrolment under RSBY and other state-run insurance schemes well below the target of 500 million, increased allocation of funds was a necessary step in order to expand health insurance coverage. In a year when everything should have …

The antidote for India’s healthcare woes
4 years ago

The antidote for India’s healthcare woes

Live Mint  

“This is indeed India!” remarked Mark Twain, as he tried to grasp the complex and nuanced Indian society. Considering that India’s healthcare spending, at 3.5% of gross domestic product, is significantly lower than peers, one would assume that higher government spending can alleviate all the pain points in the healthcare ecosystem. Similarly, India can work towards creating a Health Open …

Stopping the slide of health care in India
4 years ago

Stopping the slide of health care in India

The Hindu  

India’s health care is a dark echo chamber. What makes insurance and private health care an egregious combination is that the insurance backup incentivises hospitals to expand the bill but the patients do not get attended to in their best interests. In any case, insurance of secondary and tertiary care pushes out long-term investment by the state and people and …

Reversing health sector neglect with a reform agenda
4 years, 3 months ago

Reversing health sector neglect with a reform agenda

The Hindu  

Two countries which lead in the COVID-19 cases tally in the world today, namely the United States and India, are also the ones where the need for health-care reform post COVID-19 has been most keenly felt. However, the foundational aspects of U.S. health care, such as a fragmented private insurance landscape and a love for expensive specialised care, could hardly …

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