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.