Thursday, September 13, 2007

Diseases knock billions off India Income

TOI (Sep. 13, 2007) has carried an interesting news item according to which
“In 2005 alone, the estimated loss to our national income from diseases like heart
ailments, strokes and diabetes, was a staggering $ 9 billions (Rs. 37000 crores)

Over next 10 yrs, India may lose more than $ 200 billions (Rs. 8, 00,000 crores)
due to employee’s sickness. Some firms are already losing about 14% of
their annual working days -51 days /year.

Very interesting to note that in India health insurance premium collected
during 2006-07 was Rs 3300 crores,which means per capita health insurance
premium spend is Rs. 30 for a year.

PM has announced on August 15, 2007 that Rs 2000 crores will be spent by
the Government of India for health insurance of poor people.
How it will be spent? Will it be subsidy to be given to 4 PSU’s or to all
the insurance co’s offering health insurance?
Till this time no indications are available.

It is in the interest of co’s to go in for Group Health Insurance so that health
of the employees is taken care off.

Your comments are invited.

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