Medical bills in India are rapidly becoming bigger, reveals new index
Healthcare costs in India are increasing at an annual rate of 14 per cent, the ACKO India Health Insurance Index 2024 shows. The report reveals how that double-digit inflation is causing the rise in healthcare expenses.
The index revealed that 23 per cent of hospital costs are funded through borrowings, adding financial strain on families. With 62 percent of healthcare expenses paid out of pocket, the report emphasised the need for improved health coverage to protect individuals from unexpected health crises.
The report identified Delhi as having the highest health insurance claims for kidney disease in India, followed by Kochi. «Delhi is the capital for kidney disease, followed by Kochi. Delhi NCR had the highest share of claims related to kidney health. Kochi, Secunderabad, Bengaluru & Jaipur's share of claims was above the National average,» the index report stated. It noted that the average age of patients with kidney issues is 47, and the largest bill filed for kidney-related problems reached Rs 24,73,894.
Additionally, heart disease claims were highest in Kolkata and Mumbai, particularly in the 31-50 age group. «Kolkata and Mumbai topped the list of metros when it came to disorders of the circulatory system like heart attacks,» the report added.
The report also forecasted a 13 percent increase in cancer cases from 2020 to 2025.
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