“Most Indians are just one hospitalization away from bankruptcy,” warns Nithin Kamath of Zerodha about India’s medical inflation.
The recent studyThe “Health Report of Corporate India 2023,” produced by insurtech firm Plum, suggests that his concerns are well-founded.
According to the report, 71% of employees cover most of their health care expenses out of pocket.
On average, a consultation with a general practitioner costs Rs 300, a specialist costs Rs 1,000 and mental health services costs Rs 25,000 in urban India. The average cost of a health check-up is Rs 1,500 and laboratory tests costs range from Rs 1,500 to Rs 25,000, the report said.
