Modicare: Step Towards A Healthy India
Outlook Money|September 2018

Modicare is ready to be rolled out, but are insurance companies prepared?

Suyash Desai and Nirmala Konjengbam
Modicare: Step Towards A Healthy India

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

Esta historia es de la edición September 2018 de Outlook Money.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición September 2018 de Outlook Money.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE OUTLOOK MONEYVer todo
Gold ETFs And FoFs
Outlook Money

Gold ETFs And FoFs

While Indians love to invest in physical gold, even mutual funds offer the option, but in paper format.

time-read
2 minutos  |
November 2024
PLANNING TO BUY CHILD INSURANCE? THINK TWICE
Outlook Money

PLANNING TO BUY CHILD INSURANCE? THINK TWICE

Child insurance plans combine insurance and investment but often offer low returns due to high costs, making a combination of a term insurance cover and mutual fund a better option for securing your child’s higher education needs

time-read
7 minutos  |
November 2024
How Do You Define Happiness?
Outlook Money

How Do You Define Happiness?

Money does buy happiness, but after a while, the appeal fades. We talk about our relationship with money, but, maybe, it’s time to revisit our relationship with happiness

time-read
5 minutos  |
November 2024
Avoid Crypto As It Is Highly Volatile
Outlook Money

Avoid Crypto As It Is Highly Volatile

I am 22 years old and have recently started working. I want to invest a small portion of money in cryptocurrency. How should I go about it? Does it require a huge capital investment?

time-read
2 minutos  |
November 2024
Invest Right, Don't Speculate
Outlook Money

Invest Right, Don't Speculate

The lure of high returns and quick gains from equity tips, cryptocurencies, and equity F&O can be enticing. But remember, return of capital is more important than return on capital

time-read
4 minutos  |
November 2024
The Wedding & Budget: Is Minimalist Trend The Right Knot For You?
Outlook Money

The Wedding & Budget: Is Minimalist Trend The Right Knot For You?

Indian weddings are known for their pomp and grandeur, but minimalist weddings are also in vogue now. Dia Mirza was one such celebrity who went for a minimalist wedding. If you also want to keep things minimal on your big day, here’s how to do it

time-read
9 minutos  |
November 2024
Here's How To Buy An ETF?
Outlook Money

Here's How To Buy An ETF?

Mutual funds are the preferred choice for retail investors. However, they come at a cost and fund management risk, apart from other risks. A smarter alternative is to invest through ETFs.

time-read
1 min  |
November 2024
How Passive Funds Help Diversify
Outlook Money

How Passive Funds Help Diversify

Passive funds provide a simple way to invest in broad markets as well as in specific themes and sectors, making them ideal for an investor's satellite portfolio

time-read
2 minutos  |
November 2024
The Rise Of Passive Funds
Outlook Money

The Rise Of Passive Funds

The popularity of passive funds among retail investors has risen post Covid, and fund houses are out with many variations of ETFs and index funds. Does this category present a new opportunity for investors?

time-read
10 minutos  |
November 2024
Tax Reforms: What's In Store?
Outlook Money

Tax Reforms: What's In Store?

The government is working on reforming the existing Income-tax Act, 1961. The impending reforms have raised many questions in the minds of taxpayers. Will the old regime and deductions be done away with? Will it really simplify your life? What's the need for these reforms? We try to answer these and other questions regarding tax reforms

time-read
10+ minutos  |
October 2024