Health inflation, a reality

Rising costs

- tejimandi by teji mandi

The cost of health services in India is rising rapidly, and medical inflation has currently reached 14%, which is the highest in Asia.

A regional comparison reveals that India stands at 14%, followed by China at 12%, Indonesia and Vietnam at 10%, and the Philippines at 9%, making it clear that India leads in medical inflation.

Despite having insurance, people's out-of-pocket expenses are rising, while insurance companies face challenges in balancing surging claims and premium costs. This situation indicates that health expenses may rise further in the future, making it crucial to create a robust health security plan in time. Several factors are responsible for this massive surge in health service costs.