Healthcare cost in India rising by 14 per cent annually: Report

The healthcare cost in the country rising at an annual rate of 14 per cent, highlighted the ACKO India Health Insurance Index 2024.

The index report noted that each year the healthcare cost in the country is becoming expensive because there is double-digit inflation in healthcare. It said, “Healthcare inflation was reported at 14 per cent in India.”

The index also noted 23 per cent of hospital charges in the country are financed through borrowings which puts a significant strain on families’ financial health.

With 62 per cent of healthcare expenses paid out of pocket in India, the report stressed the necessity for better health care coverage to protect against unexpected health crises.

Highlighting the major diseases in the health insurance claims the report stated that Delhi has emerged as the capital for kidney disease in India, with the highest share of health insurance claims made related to kidney health.