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Modicare: New health insurance plan may cost Centre, states $1.71 bn a year

The government has estimated the premium for insuring each family would be about Rs 1,100

Reuters  |  New Delhi 

health, doctor, health insurance

Prime Minister Narendra Modi's ambitious plan to provide to 100 million poor families would require Rs 110 billion ($1.71 billion) in federal and state funding each year, a government official told Reuters.
 

The National Health Protection Scheme, dubbed "Modicare" and announced in Thursday's 2018, would provide 100 million families, or about 500 million poor people, with a health cover of Rs 500,000 ($7,850) for free treatment of serious ailments.
 

The government has estimated the premium for insuring each family would be about Rs 1,100 ($17.15), said the government official with direct knowledge of the matter.
 

ALSO READ: Budget 2018: 'Modicare' a good first step, but where will money come from?

First Published: Fri, February 02 2018. 11:13 IST
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