Modicare is ready to be rolled out, but are insurance companies prepared?
Government’s flagship National Health Protection Scheme (NHPS)also known as Ayushman Bharat Program and here after referred to as Modicare is all set to be rolled out on September 25. The scheme was launched in the Union Budget 2018 and will provide coverage of up to `5 lakh per family per year for secondary and tertiary care.
The Indian healthcare delivery system is categorised into two major components - public and private. The public healthcare system comprises limited secondary and tertiary care institutions in key cities and focuses on providing basic healthcare facilities in the form of Primary Health Centre (PHCs) in rural areas. The private hospitals provide majority of primary secondary and tertiary, care institutions with a major concentration in metros, tier I and tier II cities.
The scheme is set to cover 10 crore families, i.e almost 50 crore people (assuming five members per family). Apart from hospitalisation charges, the benefit will also include pre and post-hospitalisation expenses. Perks of the scheme are portable across the country and the beneficiary will be allowed to take cashless at the empanelled public and private hospitals, as noted in the release by government of India (GoI).
On March 2018, the Union Cabinet approved the continuation of National Health Mission with a budget of Rs 85,217 crore (US$ 13.16 billion) from April 1 2017 to March 31 2020. The government aims to increase the total health expenditure to 2.5 per cent of Gross Domestic Product (GDP) by 2025 from the current 1.15 per cent.
The beneficiaries will be based on deprivation criteria in the socio-economic caste census (SECC) database and the scheme will subsume existing central government sponsored schemes like Rashtriya Swasthya Bima Yojana and the Senior Citizen Health Insurance Scheme.
Populism or requirement
この記事は Outlook Money の September 2018 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Outlook Money の September 2018 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
THREE STOCKS MFs WENT BANANAS OVER
When you invest in mutual funds, you are indirectly investing in stocks. So, we decided to find out which are the stocks most mutual funds in the equitylinked savings scheme, flexi-cap, multi-cap and large-and-mid-cap categories invest in. We analysed 149 funds that have a broad mandate to invest in a wide array of stocks and came up with the three stocks that most mutual funds invest in
5 Tricky Travel Questions, And 1 Foolproof Travel Plan
Now that you have finally bid goodbye to your worklife, you have all the available time at your disposal to satiate your travel bug. But before you set sail on your wanderlust, here are a few things you should keep in mind
Save As Per The Corpus You Need
I am 29. I started investing in mutual funds (MFS) two years ago. I invest ₹2,000 each in three equity funds-multicap, focused equity and multi asset allocation-every month.
Short Selling
The capital markets regulator, the Securities and Exchange Board of India (Sebi), recently issued a new circular which said that while placing orders, institutional investors will have to inform in advance whether the transaction is short selling or not. The order also said that retail investors would be allowed to make similar disclosures till the end of trading hours on the day of the transaction.
Mind Exclusions Before Buying Policy
I am a 29-year-old software engineer. I got married a year and a half ago and currently reside with my parents.
HOW AVERAGES CAN RUIN THE MATH
Calculating a retirement corpus on the basis of average returns can have disastrous consequences as different sequence of returns can lead to different outcomes
Calls For Urgent Action As India Braces For Dementia Crisis
As the ageing population grows, the threat of Alzheimer's disease has also spiked, drawing attention to whether India is prepared to provide the medical support it calls for.
ANNUAL REPORT CARD
The Indian equity market is in an upbeat mood, and almost all the funds in the OLM 50 list are among the top five funds in their respective categories in terms of performance.
Don't Just Blindly Follow Maxims
The given investment maxims have proven relevant most of the time, but they are not carved in stone. Investment strategies should be tailored to individual situations
IS YOUR fund FARING WELL?
Outlook Money's India's Best Funds 2024 issue aims to empower you with valuable insights and analysis, to help you make informed decisions on the funds you already own or the ones you plan to invest in