Things To Know About National Health Protection Scheme, Modicare
National Health Protection Scheme, which the government dubs “Modicare”, was announced in Thursday’s budget for 2018-19 and would provide 100 million families, or about 500 million poor people, with health cover of 500,000 rupees per year for free treatment of serious illnesses.
The government estimates the cost of insuring each family under the new scheme at about 1,100 rupees, said a government official. Officials at NITI Aayog, India’s federal think tank, on Friday said the government’s estimated premium for insuring each family would be 1,000-1,200 rupees, confirming the funding would be shared between federal and state governments.
The government official said of the 110 billion rupees in premiums required to fund the programme, the federal government would contribute about 70 billion rupees with the 29 states providing the rest. 50 billion rupees in federal funding on top of the budget allocation of 20 billion rupees would be made available as the scheme details are worked out over the coming months.
Government health insurance companies have readily agreed to fund the programme.
A top official at a state-run insurance company said the government would take 4 to 6 months to finalize the contours of the health plan since it would take time to get hospitals on board.
Nevertheless, a government-sponsored health programme will come as a major boost for the private hospital sector in India. Overburdened public hospitals mean nearly 70 percent of healthcare delivery is in the hands of private players.
Source Link- https://in.reuters.com/.