Rs 10k crore: Cost of health cover fraud | India News – The Times of India

Rs 10k crore: Cost of health cover fraud | India News – The Times of India

MUMBAI: Fraud and waste continue to drag India’s health-insurance system, with Rs 8,000–10,000 crore leaking from claim payouts each year, says a Boston Consulting Group–Medi Assist report. Fraud and unnecessary claims inflate premiums, strain insurer finances and drain public funds. Weak data systems and loose checks also push patients into higher out-of-pocket spends.The analysis shows…

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Fraud and abuse causing Rs 8000 cr to Rs 10000 crore loss to health insurance: BCG – The Times of India

Fraud and abuse causing Rs 8000 cr to Rs 10000 crore loss to health insurance: BCG – The Times of India

MUMBAI: Fraud and waste remain a costly drag on the health-insurance system with Rs 8,000–10,000 crore of leakages in claim payouts leak each year according to a report by Boston Consulting Group and Medi Assist.The report says that fraud and unnecessary claims push up insurance premiums, hurt insurers’ finances and waste public money. It also…

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