The cost of medical treatments in India is rising, with hospital bills climbing to record levels. A recent report highlights a staggering insurance claim of ₹1.1 crore for heart disease, underscoring the urgent need for health insurance coverage. The India Health Report 2024 by ACKO reveals that hospital expenses are at an all-time high, with the average claim in 2023-24 now at ₹70,558, marking an 11.35% increase from ₹62,548 the previous year.
Rising Healthcare Costs Impacting Families
Medical expenses, especially for lifestyle-related illnesses, are soaring in India. The ACKO report, based on 60,000 health insurance claims, shows that healthcare inflation is growing. For instance, angioplasty costs have risen from ₹1-1.5 lakh in 2018 to ₹2-3 lakh in 2024 and could reach ₹6-7 lakh by 2030. Kidney transplant costs have also doubled in recent years, further straining the financial well-being of Indian families.
Men vs. Women: Health Insurance Claims in 2023-24
The data in the report provides interesting insights into gender-based health expenses. On average, men claimed ₹77,543 in medical expenses, while women (excluding maternity claims) claimed ₹69,553. Additionally, the report reveals that 69% of maternity claims are for C-section deliveries, highlighting a growing trend in delivery methods.
Age-Related Health Problems: Who’s Most Affected?
The India Health Report 2024 sheds light on common health issues based on age groups. Children under 18 frequently suffer from respiratory problems, accounting for 11% of claims in this age group. As people age, claims for tumors and heart diseases rise sharply. The report shows that heart disease claims are most common in Kolkata and Mumbai, while kidney-related claims are higher in Delhi NCR.
With hospitalization costs on the rise, the report emphasizes the importance of health insurance to cover unforeseen medical expenses and safeguard families from financial distress.
