FINANCIAL FEASIBILITY OF HEALTH INSURANCE: AN EMPIRICAL STUDY OF YESHASWINI HEALTH INSURANCE

VIJAYALAKSHMI M

Volume : VIII, Issue : V, May - 2019

FINANCIAL FEASIBILITY OF HEALTH INSURANCE: AN EMPIRICAL STUDY OF YESHASWINI HEALTH INSURANCE

Vijayalakshmi M

Abstract :

Among different kinds of social welfare programmes provision of health and sanitation assumes greater significance. In this regard the Government of India is committed to achieve the Sustainable Development Goal (SDG–3) for health – “Ensure healthy lives and promoting well–being for all at all ages” by 2030. As per the NSS 71st Round (January 2014 to June 2014) more than 70 per cent ailments were treated by the private health care providers which resulted in high out–of–pocket expenditure both in rural and urban areas. In addition to it the share of health expenditure by the Government is very less. It is only 1.4 per cent of the total expenditure during 2015–16. By pooling financial contributions from many people, health insurance plans can cover the hospital expenses of those experiencing catastrophic events, such as near–fatal illness or injury. The paper has been designed to explore benefits of health insurance and impact of health insurance on financial protection with special reference to Yeshaswini health insurance scheme