Examine the role of publicly funded health insurance in improving health outcomes in India. (Answer in 250 words)

In India, the insurance penetration is only 19%. It is very low compared to global average of more than 40%.

[Role of publicly funded health insurance]

[Insurance]

⇒ (1) The out of pocket expenditure on health gets reduced.

EX Economic Survey 2023-24, COPE reduced from 62% to 43% in FY23.

⇒ (2) Creates a sense of security.

EX PM Jaan Swaksha Yojana provides accident insurance.

⇒ (3) It boosts the habit of saving.

EX Money multiplier effect.

⇒ (4) It reduces the number of adversaries of health.

EX IMP, MMP, etc.

⇒ (5) It also boosts the financial inclusion.

EX PM Jaan Arogya Yojana.

⇒ (6) Improved conducive environment for digitization.

EX National Digital Health Mission.

⇒ (7) The poverty rates also get dedicated.

EX Better social security benefits, DBT, etc.

⇒ (8) Access to credit insurance.

EX Emergency loans.

As life insurance is the most present one, Government should take steps to promote health benefits.

[Diagram showing insurance distribution]

Pie chart showing:

With annotations:

Ayma Valuables Scheme (Measures) → Insurance forth by ZIDAI → FDI allowed upto 4%.

Infrastructure building

As life insurance is the most present one, Government should take steps to promote health benefits.

Insurance in health should be increased to seduce the Government burden for better health outcomes.

— Gudelli Srujana · AIR 55