Journal of Commerce and Management Thought
  • Year: 2016
  • Volume: 7
  • Issue: 1

Innovation in Health Insurance Products Can Bring Health Care to the Billions of Uninsured

1Research Scholar in, Department of Commerce in Savitribai Phule, Pune University, Pune

2Assistant Professor of Economics in Stm. Kashibai Navale College of Commerce, Pune

Online published on 8 July, 2016.

Abstract

Nearly two million children under five die every year in-one every 15 seconds-the highest number anywhere in the world. More than half die in the month after birth and 400, 000 in their first 24 hours.. The main reasons of newborn mortality are undernourished mothers, complications during birth, Infections and premature delivery In India Seeking basic medical help is near to luxury to 93% and health services are too far away for almost half of the total Indian population. The situation is devastating and can be addressed by bridging the gap of medical facilities and health care by providing innovative Health Insurance plans to the common masses at affordable price. The easy access to Health insurance will ensure the open health care system to all, access to government hospitals, healthy living and better standard of living. The healthy country has the wealthy economy.

Keywords

Health Insurance, Health Care, Health Insurance schemes, I R D A