Insurers want standard covid-19 treatment cost6 min read 17 May 2020, 10:34 PM IST
But hospitals say coming up with fixed rates not possible due to variation in cases
With no cap on costs and low footfall in hospitals, insurers are worried that hospitals may end up over-billing
With more and more covid-19-positive patients walking into private hospitals across the country, increasing costs of treatment is worrying insurers. According to data from the General Insurance Council (GIC), as on 11 May, 1,520 covid-19 claims were reported. Of this, 920 were settled by various general and stand-alone health insurers. The total cost of claims came to ₹12.47 crore. Compare this with data as on 28 March when the insurers settled just five claims amounting close to ₹11 lakh. This was an average claim size of a little over ₹2 lakh. Now with more claims coming to insurers the average size has shrunk to about ₹1.35 lakh.