It’s worrying: 73 percent Indians are uninsured!


It’s worrying: 73 percent Indians are uninsured!
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It’s worrying: 73 percent Indians are uninsured!

It’s worrying: 73 percent Indians are uninsured!

According to press release from FICCI, Mr Shashwat Sharma from KPMG said “A key imperative for enabling social security for the population is ensuring they have access to quality healthcare. Currently, 73 per cent of the population does not have access to pre-financed instruments for healthcare leading to 90 per cent of private sector expenditure being done through Out of Pocket spends. The concept of a Health Savings Account could therefore prove to be a viable option for creating a corpus for meeting future healthcare needs. This will ensure that more and more people have funds for accessing healthcare services, thereby going a long way in realising India's goal of providing healthcare to all". In 2016, the per­centage of people without health insurance coverage for the entire calendar year was 8.8 percent in USA. 

 2016 India: Health of the nation states report by ICMR, Life expectancy at birth improved in India from 59.7 years in 1990 to 70.3 years in 2016 for females, and from 58.3 years to 66.9 years for males. Non communicable diseases are the leading cause of disease burden in India, with ischaemic heart disease and chronic obstructive pulmonary disease as the top two causes.

India stands to lose $4.58 trillion before 2030 due to non communicable diseases and mental health conditions. Cardiovascular diseases, accounting for $2.17 trillion and mental health conditions ($1.03 trillion), will lead the way in economic loss.

Image source: www.policyholder.gov.in