Impact of inflation: Medical inflation rate in India reached 14 percent

New Delhi: Medicines and checkups i.e. medical inflation rate in the country is the highest in the whole of Asia. It is directly affecting the pocket of the common man. This has been revealed in a recent report.

According to insurtech company Plum's 'Corporate India Health Report 2023', the medical inflation rate has reached 14 percent. Due to increase in medical expenses, additional financial burden is increasing on the employees. 71 percent of employees pay their own medical bills, while only 15 percent of companies provide medical cover to their employees.

According to the Health Report, the lives of more than 9 crore employees of the country have been affected due to the increase in medical expenses. Also, more than 10 percent of their earnings go towards treatment. There is less awareness among employees in the age group of 20 to 30 years about the medical health insurance services provided by the company.

According to the NITI Aayog report, the number of employed people in India is expected to increase from 522 million in 2022 to an estimated 569 million by 2030. Despite this increase, only 15 percent of workers receive any health insurance coverage from their employers.

The report also revealed that not only health insurance in the country but also people are lagging behind in getting health checkups. There are 59 percent of people in the country who do not do their annual health checkup and 90 percent of people do not pay attention to their health.