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States may face tough times as Modicare to cost them Rs 43.3 bn per year

The scheme was announced by Finance Minister Arun Jaitley during his Budget 2018 speech and has come under fire from the Opposition, with Congress leader P Chidambaram calling it a 'jumla'

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BS Web Team New Delhi
The National Health Protection Scheme (NHPS), which has been dubbed "Modicare" and the "world's largest health insurance scheme" by the government, will impose a cost of billions of rupees on states. The scheme was announced by Finance Minister Arun Jaitley during his Budget 2018 speech and has come under fire from the Opposition, with Congress leader P Chidambaram calling it a "jumla", for the lack of budgetary allocation for its implementation.   

According to the government's preliminary calculations, states might have to bare a cost of approximately Rs 43.3 billion (Rs 4,330 crore) annually for the rollout of the NHPS,