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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 

Prime Minister Narendra Modi's ambitious plan to provide health insurance 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.   ALSO READ: Budget 2018 and health: Poor will not be the true beneficiaries of Modicare The National Health Protection Scheme, dubbed "Modicare" and announced in Thursday's Budget 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 ...

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