Health insurance sector in india current scenario essay
The bill allows foreign promoters to hold paid up capital of up to 26 percent in an Indian company and requires them to have a capital of Rs crore along with a business plan to begin its operations.
All of these programs are controlled by General Insurance Corporation which is a government controlled organisation. One of the main reasons for the low penetration and coverage of health insurance is the lack of competition in the sector.
Road Ahead India is a land full of opportunities for players in the medical devices industry. Implementing regulations would be one, but by no means the best mechanism to contain provider behaviour and costs.
How does health insurance work in india
Gross premiums written in India reached Rs 5. These policies do not normally pay any cash benefit. Top up policies have a high deductible typically set a level of existing cover. The focus of the Government is to provide accessible, affordable and accountable quality healthcare facilities to all sections of society especially the marginalized sections in the country. The Government of India is planning to increase public health spending to 2. Although public health services in principle provide free basic health care to all, the care provided by most state health systems suffers from inadequate resources and poor management. However, it is one of the fastest-growing sectors in the country like the health insurance marketplace. With the increase in the competition, businesses are looking to explore for the latest dynamics and trends which will have positive impact on their business. The Maternity Benefit Act applies to women who do not work in an establishment covered by the ESI but who are employed in factories, mines, circuses, plantations, shops or other establishments employing at least 10 persons. The same exclusion mechanisms apply for this scheme as those under the Mediclaim policy. Such schemes tend to be financed through patient collection, government grants and donations.
Given the appropriateness of this definition in the Indian context, this is the definition, we would adopt. Its demand and supply cannot therefore, be left to be regulated solely by the invisible had of the market.
The year marked the beginning of a new era for health insurance in the Indian context.
based on 116 review