Despite adopting many initiatives on claims management, fraud management, provider networking and case management, most insurers are still struggling with medical inflation, which generally far exceeds retail or consumer price inflation. This paper discusses the common definitions of medical inflation, factors driving medical inflation in the short and long term and current medical inflation trends in India.
Medical inflation and health insurance products in India: Current practices and the way forward
ByRachin Aggarwal, and Joanne Buckle
28 July 2020
Medical inflation and health insurance products in India: Current practices and the way forward