NEW DELHI, Feb 2 (Reuters) - Indian Prime Minister Narendra Modi’s ambitious plan to provide health insurance to 100 million poor families would require a funding of 110 billion rupees ($1.71 billion) in federal and state funding each year, a government official told Reuters.
The new health scheme, dubbed “Modicare” and announced in Thursday’s federal budget, would provide 100 million families, or about 500 million poor people, with a health cover of 500,000 rupees ($7,850) for free treatment of serious ailments.
The government has estimated the premium for insuring each family would be about 1,100 rupees ($17.15), said the government official with direct knowledge of the matter. ($1 = 64.1575 Indian rupees) (Reporting by Aditya Kalra; Editing by Malini Menon)
Indian Prime Minister NarendraModi's ambitious plan to provide health insurance to 100 millionpoor families would require a funding of 110 billion rupees($1.71 billion) in federal and state funding each year, agovernment official told Reuters.
NEW DELHI Feb 2 Reuters Indian Prime Minister Narendra Modi’s ambitious plan to provide health insurance to 100 million poor families would require a funding of 110 billion rupees $1.71 billion in federal and state funding each year a government official told Reuters The new health scheme dubbed Modicare and announced in Thursday’s federal budget would provide 100 million families or about 500 million poor people with a health cover of 500,000 rupees $7,850 for free treatment of serious ailments The government has estimated the premium for insuring each family would be about 1,100 rupees $17.15 said the government official with direct knowledge of the matter $1 = 64.1575 Indian rupees Reporting by Aditya Kalra Editing by Malini Menon