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'Modicare', World's Largest Health Care Scheme To Cost 11,OOO Crore Per Year

'Modicare', World's Largest Health Care Scheme To Cost 11,OOO Crore Per Year

Nadda said no date for the roll out of the scheme had been fixed, but it would be done "very soon".

Further, he said, this would encourage domestic and foreign investors to positively review their investment decision in the sector. It's a friendly budget for all sections of society, he said.

The new scheme covers tertiary care, which is often the most expensive when it comes to medical expenses. "While we await the details, we believe this step will act as a catalyst in increasing health insurance penetration", he added. We are working on the nitty-gritties.

Secondary healthcare services include those provided by skilled medical practitioners, for outpatient treatment, or a brief stay at a hospital for serious illness.

Every aspect of the scheme "has been calculated".

The finance minister advocated that the central and the state government can pool in resources for healthcare to achieve efficiency.

"It's not only an insurance. It's not on reimbursement model because too many complaints come on the reimbursement model", he said. We will come up with a full programme. The number of beneficiaries will also increase, as more states enrol for the scheme.

"The million dollar question is: will these benefits be cascaded to the common man?" pondered Ravi Virmani, CEO and founder of Credihealth, an online healthcare marketplace.

The government has not yet made any allocations for the scheme. The scheme, although appreciated by experts, also raises apprehension about its implementation and the initial corpus of just Rs 2,000 crore.

"History is witness that whatever we (the BJP-led government) have committed to, we have completed".




The Health Minister said there were a lot of operational problems in the earlier scheme which have been rectified in the present one.

The Budget today announced the world's largest government funded healthcare programme, aimed at benefiting 10 crore poor families by offering a Rs 5 lakh cover per family annually for secondary and tertiary care hospitalisation.

The Government will expand the coverage under Prime Minister Jan Dhan Yojana by bringing all sixty crore basic accounts within its fold and undertake measures to provide services of micro insurance and unorganized sector pension schemes through these accounts.

He said states are ready to implement the NHPS and financial arrangements will be made accordingly. "States have to decide whether they want to subsume with this scheme or they want to run on their own", said Nadda.

Paul said the government will also open 1.5 lakh health and wellness centres which will provide free drugs and free diagnosis facilities.

Meanwhile, Finance Minister Arun Jaitley said the health cover plan will be cashless and not a reimbursement scheme, and promised more funds if required.

"There are 1.5 lakh centres which we have to change into wellness centres".

In the first year, the burden on the Centre is likely to be around Rs 3,000 crore.

Universal health coverage will be expanded and Rs 600 crore has been allocated for tuberculosis patients, at the rate Rs 500 per month during the course of their treatment.

"One of the issues was to increase notification and to go to the last level of completion of dose of the patient".

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