News Life and Health09 Jul 2024

India:Govt mulls expanding coverage of flagship health insurance scheme

| 09 Jul 2024

Source: AgeWell

The Indian government is considering doubling the beneficiary base under its flagship Ayushman Bharat health insurance scheme over the next three years, beginning with all those aged above 70 years to be brought under its coverage.

The revised scheme will also double the insurance coverage to INR1m ($12,000) per year from the current limit of INR500,000 that was set in 2018.

The proposals, if given the go-ahead, would entail an additional expenditure of INR120.76bn per annum for the exchequer as per estimates prepared by the National Health Authority, official sources told Press Trust of India.

If the plan is implemented, it will cover more than two-thirds of the population of the country.

These proposals, or some parts of them, are expected to be announced in the Union Budget, slated to be presented on 23 July.

President Droupadi Murmu, in her address to Parliament on 27 June, said that all the elderly above 70 years of age will be covered and will receive medical treatment under the Ayushman Bharat Yojana. This move will add 40m to 50m more senior citizens aged over 70 to the scheme.

The government’s flagship health insurance scheme provides comprehensive hospitalisation coverage to the lower 50% of the population.

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