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I can't see how India is going to afford this. As stated in another comment it could cost up to $800B dollars, which is 30% of India's GDP. If this causes India
by nodesocket 9y ago
I can't see how India is going to afford this. As stated in another comment it could cost up to $800B dollars, which is 30% of India's GDP. If this causes India to have financial issues as a country, it's their own fault for not doing basic accounting and number crunching.
- i0exception 9y agoThat's like saying if everyone maxes out their health insurance, insurance companies will go out of business. In any given year, not everyone is going to use the ~$8000 allocated to them. Also, healthcare in India is cheap. $8000 goes a long way.
- dingo_bat 9y ago> healthcare in India is cheap. $8000 goes a long way. Yeah I think ₹5 lakh is excessive. I have a ₹2 lakh cover for me and my wife and unless we both are diagnosed with bone cancer simultaneously we are in no danger of maxing it out.
- shripadk 9y agoYes it would cost $800B dollars if all 100 million insured fall ill at the same time and use the entire 5 lakh rupees allocated: which is highly unlikely. This is pretty much how insurance works in any part of the world. The only difference here is that it's allocated out of tax payer money.