Daybreak Indian govt's free senior health cover exposes the dark side of private insurance
Nov 10, 2024
The launch of a free health insurance program for seniors in India marks a significant shift in healthcare accessibility. Senior citizens, often ignored by private insurers, face exorbitant premiums and minimal coverage. With over 80% of those aged 60 lacking any insurance, the new government scheme aims to provide much-needed support. This initiative could reshape the insurance landscape, potentially pushing private companies to adapt. The conversation highlights the vulnerability of seniors and the pressing need for better healthcare solutions.
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Seniors Face Insurance Gaps
- Private insurance premiums for seniors far exceed those for younger people, making coverage inaccessible.
- More than 80% of people over 60 have no insurance due to cost and limited policy benefits.
Bisham Malkani's Coverage Struggle
- Bisham Malkani, 83, underwent costly cataract surgeries with minimal insurance coverage.
- He, like many seniors, shifts between private and government policies due to inadequate coverage.
Opaque Premiums Hurt Seniors
- Insurance companies classify clients by age risk but charge seniors opaque, unlimited premiums.
- Seniors often don't know their premium increase until renewal, making planning difficult.