India - Health insurers to pass on discounts given by hospitals
Friday, 01 15 2016, Category: Insurance and Reinsurance, Country: India
The discounts given by hospitals to health insurers will soon get reflected in policyholders’ medical bills. This development comes in the wake of the regulator asking insurance companies and third-party administrators in June last year to pass on discounts received by them from hospitals to policyholders.
Insurers get discounts of around 15 per cent from hospitals for bringing volumes to them, said Segar Sampathkumar, General Manager at New India Assurance.
Source: The Hindu Business Line