A Comparative Study of ESIC Health Insurance with Ayushman Bharat scheme and Health Insurance Policies

Abstract

Medical facilities in India are developing at fast pace and today we have one of the best medical facility in South East Asia. Super specialized medical care is now available even in non metro cities as a result of increase in public and private investment in healthcare sector. However, the cost of medical facilities is also rising year on year. Medical Inflation is higher than inflation in food and other articles. Treatment cost and post treatment care cost can be between somehow manageable to massive in private hospitals. The above reasons have contributed towards need for financial security to meet with any health emergencies. All these factors have added to the growth of health insurance companies in India. Today India boost about 28 health insurance companies that offer various health insurance plans. ESIC provides health care services for the workers of organized sectors in India. Ayushman Bharat scheme was launched by Government of India to provide Universal Health Coverage (UHC). The scheme tries to undertake path breaking initiative to address the healthcare system (covering prevention, promotion and ambulatory care) at the primary, secondary and tertiary level. The purpose of this study is to compare services provided by Health Insurance Companies, ESIC and Ayushman Bharat scheme.