Rs 10k crore: Cost of health cover fraud
India’s health insurance system is losing ₹8,000-10,000 crore annually due to fraud and waste, a BCG-Medi Assist report reveals. This impacts premiums and public funds, with reimbursement claims showing significantly higher fraud rates. The report advocates for AI-driven oversight and faster data sharing to combat this systemic issue and ensure accessible, affordable healthcare.🕒 1 min read
India’s health insurance system is losing ₹8,000-10,000 crore annually due to fraud and waste, a BCG-Medi Assist report reveals. This impacts premiums and public funds, with reimbursement claims showing significantly higher fraud rates. The report advocates for AI-driven oversight and faster data sharing to combat this systemic issue and ensure accessible, affordable healthcare.
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