NEW DELHI : NITI Aayog has proposed introduction of a mandatory standard basic benefit as the basis for all health insurance coverage in India. “There are important health insurance and public funding efficiency and equity reasons for introducing a standard benefits package as reference for all insurance coverage in India. Benefits package fragmentation occurs not only in voluntary commercial health insurance (which traditionally does provide a diverse set of health insurance products) but also among publicly-subsidized schemes and packages, resulting in publicly-funded coverage inequity," it said. A standard benefits package also plays a substantial role in guiding the future development of commercial health insurance. These are likely to remain high for the next decade unless substantial improvements are made to risk pooling in the country.

Source: Mint November 18, 2019 12:45 UTC