It is beyond doubt that application of modern technologies in medical care has made it expensive and thus, quality healthcare is becoming inaccessible. In order to make it affordable and accessible, medical insurance companies need to take responsibility to finance medical expenditure so that it can easily be availed by the people in India.
The matter of great concern is that approximate 85%of the Indian population falls into uninsured segment. It means that myriad of Indian people are paying medical expenses from their pockets. It has been possible till date and would be in next few years, but the medical treatment expenses are expected to increase to such an extent that very soon it will become unaffordable. Before, any such situation comes, the associated bodies, such as, Government, medical care providers etc, need to be active enough to control the situation and encourage people to buy health insurance so that they could be protected from high rising medical expenses.
Government should start the health insurance awareness program. Medical care companies should come out with affordable plans offering complete health insurance cover. Medical care providers should inform people about what medical expenses are likely to be. IRDA should reform its guideline to allow only the right player to enter the health insurance sector.
It can only be possible to educate people by combined efforts of all bodies; not only medical insurance companies. Looking into the condition, Apollo Munich has emerged to uncomplicate health insurance for the people of India to encourage them to buy health insurance and enjoy the peace of mind. Health insurance offers financial protection for health risks and thus, maintains budget and makes quality healthcare accessible.
Apollo Munich is one such company that took the matter seriously and working in the same direction with an objective to offer health insurance coverage to more than 5 million people over next 5 years.
