18-Jul-2010

Cashless Medical Treatment Bleeds Insurers

Medical insurers stop cashless facility.  What took them so long to wake up?
These 18 insurance companies had so far been providing cashless services at over 3,000 hospitals pan-India. But a recent study carried out by the TPAs found that only 350 of them or roughly 11% were consuming more than 80% of the total claims. 

It was also found that customers were overcharged for each hospitalization, irrespective of the treatment, and were left with very little funds for their next treatment.

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