what challenge do indians face when it comes to buying health insurance?
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India's Great Healthcare Challenge, Also an Opportunity
Healthcare Challenge & Opportunity: India is facing a great challenge in healthcare as compared to other countries; there is also great opportunity in healthcare.
India's Great Healthcare Challenge, Also an Opportunity
India’s healthcare sector has been a cause for debate for many years. One can choose to look at this sector in two different ways, in a negative way and pick out all the faults or all that is lacking in this sector or secondly to find out solutions for all the problems.
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HomeHealth InsuranceArticles - GHIIndia's Great Healthcare Challenge, Also an Opportunity
India’s healthcare is divided into two: public and private. Public healthcare sector consists of primary and community healthcare centers while the private healthcare sector can be found in more urban areas of India in the form of secondary, tertiary and quaternary care.
To begin to understand what challenges and opportunities the Indian healthcare sector face is a mammoth task. Let us start the task by reading through some statistics.
Statistics of Indian Healthcare Industry
India’s current population is 1.36 billion. The sex ratio in rural areas has increased from 946 to 949 and in urban areas from 900 to 929 as of 2011’s census report.
Birth rate, death rate and the rate of natural growth have witnessed a declining trend. The birth rate has fallen from 25.8 in 2000 to 20.4 in 2016.
Fertility rates are declining in both rural and urban areas.
The overall literacy rate has witnessed an increase which is at 73%. If this figure is to be divided based on rural and urban areas then, the rural literacy rate is at 67.8% and urban at 84.1%.
The maternal mortality rate has decreased by 11 points from 2010 to 2013.
Challenges
Indian healthcare is riddled with challenges. Some of the more obvious reasons for the rise in such challenges are population, infrastructure, lack of investment, etc. To list all challenges is impossible but some of the major challenges India's faces are:
Population: India has the second-largest population in the world. Population statistics say the current population of India is at 1.36 billion as of July 2019. In comparison, in the year 1985, the population stood at 760 million. In a gap of 34 years, the population of India has risen by 450 million. India is bursting at its seams but the rate of growth of population is not the same as the rate of growth of the health care sector.Infrastructure: The infrastructure offered by India’s healthcare sector is not enough for the masses. Infrastructure is underfinanced and often short-staffed. The doctor to patient ratio is at a mind-boggling 1:1700. As compared to the highest populated country in the world, China, India fares poorly in this aspect. There is a severe and marked shortage of doctors and specialists in rural health centers. Majority of India lives in rural India, this figure makes it difficult for proper healthcare to reach everyone.Insurance: India's contribution to the per capita healthcare expenditure is extremely low. The government of India contributes only 32% to insurance which is very less as compared to UK's 83.5% contribution to insurance. Over 76% of Indians do not have health insurance plan which is why people often end up paying for health expenses from their own pockets. Healthcare expenses are not affordable and can end up burning a hole in savingsRural-Urban Disparity: India’s rural population holds 70% of the total population of India but the healthcare statistics do not match up to this number. Primary healthcare centers are lacking over 3,000 doctors. In the last 10 years, this shortage has gone by 200%. Good doctors and experts can be found in urban areas but a person from a rural area often cannot afford to come to an urban area for treatment. The demand and supply gap for doctors and healthcare professionals in rural areas is huge.Malpractices: When there is a huge shortage of healthcare professionals and there is a large population to treat, malpractices arise. There have been cases where counterfeit medicines have been produced and sold to unsuspecting individuals. The large red tape regarding admissions and exploitation of the uneducated are also leading factors in this aspect. There are no proper regulations in place to ensure such malpractices do not occur.Opportunities
Amidst all the chatter of what is wrong with the healthcare sector in India, many good things have been done. The Indian government has been working tirelessly to provide quality healthcare to all while trying to incorporate the very latest in technology. Some of the major opportunities are:
Use of data analytics: Big data and data analytics are still at their infancy in India. If properly used in the healthcare sector, they will make tracking patient data and understanding what is the problem and what needs to be done will be easier. Hospitals will be able to treat patients more holistically. Personalized healthcare treatments will become a possibility thus enhancing better health outcomes.what challenge do indians face when it comes to buying health insurance?
What Challenge Do Indians Face When It Comes To Buying Health Insurance? - As per our readers' demand and comments, we are publishing this article. If - what challenge do indians face when it comes to buying health insurance? All Corporation News
What Challenge Do Indians Face When It Comes To Buying Health Insurance?
March 17, 2023
WHAT CHALLENGE DO INDIANS FACE WHEN IT COMES TO BUYING HEALTH INSURANCE?
What Challenge Do Indians Face When It Comes To Buying Health Insurance? – As per our readers’ demand and comments, we are publishing this article. If you want to know about what challenge do indians face when it comes to buying health insurance?, continue reading and learn more.
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About what challenge do indians face when it comes to buying health insurance?
Absence of the financial cushioning provided by medical insurance results in exhaustion of savings in order to tackle medical issues. As it is evident from the above-mentioned points, major healthcare challenges in India are interlinked.
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Health Insurance Awareness in India and its Problems. Some might argue that spreading awareness about health insurance is an easy task given the strong manpower.
During 2013-14, the gross health insurance premium collected by non-life insurance companies was 17,495 crore. Presnt paper tries to present the health insurance scenario and some of the issues and challenges facing by the health insurance sector in India.
What is Things Indians Do While Buying Health Insurance Plan | Coverfox
The ‘Chalta Hai’ approach of Indians has landed us in trouble several times. And when it comes to buying the suitable health insurance plan, it’s something you ought to shun.
The government of India contributes only 32% to insurance which is very less as compared to UK's 83. Over 76% of Indians do not have health insurance plan which is why people often end up paying for health expenses from their own pockets.
How to use 5 Problems While Buying Health Insurance You Can Avoid | Vital
These are a few problems that you may face while buying health insurance. But at the same time, it does not negate the fact that buying a health cover is extremely important.
Challenges faced by the Indian healthcare system. The general health advisory may not solve the root cause of the illness and may invariably add up to an escalated cost owing to a prolonged.
Even senior citizens have special policies for them. Lack of Awareness: People don’t put much effort into having health insurance policies due to a lack of awareness.
The coronavirus pandemic has rattled the world’s heath industry and India is no exception. With only 14% to 16% of Indianshaving health insurance and the Indian federal government spending on.
Check the Network: It is important to check the network of hospitals that are covered by the health insurance plan before buying it. It will help ensure that you can avail the benefits of your health insurance plan in case of an emergency.
Here are the top nine common mistakes you should avoid when buying a health insurance policy in India. Many individuals buy a health insurance policy in a hurry.
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Health Insurance: Top 5 Healthcare Challenges in India
Read about the top 5 healthcare challenges in India. Understand how a good health insurance policy can provide adequate medical insurance coverage at an affordable price.
Top 5 Healthcare Challenges in India
Team AckoFeb 3, 2023
Rising population and medical inflation are often cited as major healthcare challenges in India. Looking ahead, these challenges are going to become even more challenging. As per a UN report, India is poised to overtake its neighbor, China, to become the most populous country in the world in the next decade. Willis Survey suggests India may record 10.50% medical inflation in 2019. Thus, these two major issues are going to be troublesome in the short-run as well as the long run as far as healthcare is concerned. But that’s not it. Apart from these constant impediments, there are other issues plaguing Indian healthcare as well. Read ahead to know top 5 healthcare challenges in India.
Contents Medical Expenditure 1. Preventive Care
2. Rural Infrastructure
3. Public Welfare
4. Low Medical Insurance Coverage
5. Interlinked Issues
Online Health Insurance Policy
Medical Expenditure
Unpredictable medical expenditure pushes people into poverty’s sinking sand. Once in, it is difficult to come out of it. With exhausted savings and towering loans, there is very little that such families can do to emerge out of this emergency-induced catastrophe. The World Health Organization (WHO) recognizes this problem and thus, its theme for World Health Day 2019 is Universal Health Coverage. This includes creating awareness about equal access to health services for everyone. Such out-of-pocket medical expenses are a major healthcare challenge in India.
1. Preventive Care
Home remedies are often the first response for health issues. While they might be productive for minor issues, home remedies can be further damaging in cases where prompt medical attention is required. Also, blind-faith on the videos and articles easily available online can be detrimental.
2. Rural Infrastructure
There is a massive gulf when it comes to urban and rural infrastructure with regard to healthcare. Physicians, dispensaries, hospitals, etc. are clustered in cities whereas rural areas are left unserved to a great extent. The rural infrastructure is so worrisome that there is only one government hospital bed for around 2000 people in India.
3. Public Welfare
Subsidies and increase in welfare budgets are some of the activities undertaken by the authorities for citizens’ benefit. The government keeps churning out public welfare schemes from time to time but are they enough for the rising population? Are there enough skilled medical professionals across the country to cater to the health requirements of the citizens? Is technology leveraged optimally to ensure rural penetration for better awareness regarding precautionary measures?
4. Low Medical Insurance Coverage
When it comes to low per capita healthcare expenditure across the globe, India features among the lowest. A Forbes article states, more than 75% of Indians do not have medical insurance. Absence of the financial cushioning provided by medical insurance results in exhaustion of savings in order to tackle medical issues.
5. Interlinked Issues
As it is evident from the above-mentioned points, major healthcare challenges in India are interlinked. Solving one or two issues won’t be enough. A strategic level change needs to be implemented that can tackle all these challenges. Perhaps, the emergence of digital infrastructure can play a huge role in intensifying the drive to find a solution to overcome these mammoth challenges. Digitization can be perceived as an enabler that can play a critical part in overcoming major healthcare hurdles in India.
Also, read: Preventive Health Check upOnline Health Insurance Policy
You can secure your finances by availing an online health insurance policy. The difference between a good health insurance policy and a bad health insurance policy is the coverage offered. One must not be overawed by low-prices but must compare the coverage offered for the price. A good health insurance policy will have adequate coverage at an affordable price provided by an insurer that is service oriented and believes in offering total convenience to its policyholders.
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