FICCI-KPMG Report Suggests Health Savings Account Scheme Linked to a High Deductible Health Insurance Cover
The healthcare sector in
The health insurance industry, as of today, caters largely to institutional treatment, leading to considerable opportunities in targeting outpatient treatment in areas such as consultation fees, diagnostics and medicine expenses. The outpatient treatment, with medical inflation at ~15 per cent has created a strong need of developing a health savings account product combined with a robust health insurance plan in order to bring in spend efficiencies and protection for the Indian population.
In order to understand the key imperatives for offering a comprehensive health plan in the Indian market and suitability of Health Savings Accounts, FICCI and
Sharing his views on the occasion, Mr.
Speaking on the report, Mr.
Key highlights of the analysis:
* The Indian healthcare industry is driven by out of pocket expenditure at 62 per cent of the entire expenditure
* Health cover is provided to only 27 per cent of the population while remaining 73 per cent is uninsured.
The analysis demonstrates that there exists a significant gap in coverage offered by current products and the need for a comprehensive ecosystem of financed healthcare. The joint report by FICCI and
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