Cancer and cardiovascular diseases top global claims frequency; respiratory disease ranks third: Report
Mercer Marsh Health Trends Report 2024. As per the report, several insurers are recogninsing the need for wider cancer support to reduce claim costs. 43% of insurance firms make cancer rehabilitation and return-to-work support globally.
1 in 3 Indians stressed, over 35% struggle with chronic illness, says report Further, the report noted that employer-sponsored health insurance costs in India are expected to rise by 11% in 2024 – up from 9.6% in 2023 – marking a return to pre-pandemic levels. High premiums prevent 3 out of 10 people from buying health insurance, survey Transformational healthcare solutions such as digital outpatient services and virtual tools, including tele/video consultations with doctors, wearable devices, and remote patient monitoring have contributed to improved accessibility and affordability for both employees and organisations.
3 key approaches for establishing savvy personal financial planning As many as 50% of insurers surveyed across Asia, including India, have been using teleconsultation tools to deliver greater programme efficiencies for their clients, the report added. Further, 70% of insurers surveyed globally expect the future use of artificial intelligence for first-line diagnosis and/or navigation to have a transformative impact on employer-sponsored healthcare over the next five years.
How to enhance coverage affordability via insurance premium financing? “By embracing outpatient primary healthcare and digital healthcare solutions, refreshing benefits strategies through flexible benefits programmes, and bridging coverage gaps, organisations in India can manage rising costs more effectively and pave the way for accessible and effective healthcare plans for all," Prawal Kalita, Employee
