Current Scenario of Health Insurance in India: A Study Comprising Various Challenges and Measures For It

Abstract

Ensuring healthy lives and promoting the wellbeing at all stages is necessary for making the process of

sustainable development into reality. However, Poor accessibility to healthcare services especially in

developing countries acts as a barrier towards this. Every year, Insufficient Government expenditure on

healthcare services resulting heavy out of pocket healthcare expenses push people into vulnerable situation.

In such a situation, the role of health insurance becomes very significant. Considering all these factors, in

country like India, a well organised health insurance market has been gradually evolved over the years.

But it is not sufficient because many people are still left untreated and even approximately 25% people

are pushed below poverty line by catastrophic impact of out of pocket healthcare expenditure every year.

Factors like lack of awareness, policy loopholes, poor infrastructure etc. are mainly responsible for the poor

performance of the health insurance market in India. Through this paper, it is tried throw light on all these

phenomena comprehensively along with some measures to correct the lacunas.