health ๐ฅ India planning big health insurance overhaul
India is planning major reforms for health insurance to boost transparency and cut medical costs. Regulators, insurers, and hospitals are discussing standardized rates and common insurance products across the nation. Industry estimates point to medical inflation hovering between 12% and 14% annually. These changes aim to reduce disputes and help increase health coverage, which is currently under 4% of GDP. A panel, chaired by IRDAI chief, is set to submit its recommendations by the end of the year. ๐ฅ