India's health protection gap is the biggest
Monday, 03 07 2016, Category: Insurance and Reinsurance, Country: India
The country has one of the biggest health protection gaps in Asia, which is expected to increase by 12.3 per cent annually to USD 214 billion by 2020, a report said.
"India has one of the biggest health protection gaps amongst the countries in Asia. The gap is projected to increase by 12.3 per cent annually to USD 214 billion by 2020," according to a report by Swiss Re, a leading wholesale provider of reinsurance and insurance products.
Health protection gap is defined as the difference between the level of healthcare costs which would be required to meet consumer needs, versus the amount that would be available to cover those costs, if society's total healthcare expenditure remained a constant percentage of GDP.
Source: News Today