Medical insurance

Cashless Policy: Medical treatment has become so costly it’s gone beyond the reach of the middle class to be treated even in a very common private hospital, let alone those which are reputed ones. However, medical insurance has made it possible to have a treatment even in reputed hospitals particularly for its ‘cashless policy’ system. In absence of this cashless policy , you need to cough up the entire expenditure of the treatment and wait long for reimbursement of the bill you’ve paid by the insurance company. In that case you would obviously be compelled to opt for your treatment in a cheaper hospital that might not be able to provide you adequate medical facilities that you require to save money. But what’s very unfortunate, most of the big private hospitals unscrupulously charge a patient exorbitantly high amount in case of ‘cashless policy’. Normally, patients with insurance policy have to pay always much more than those who have no such facility and it has been a rule rather than an exception. Insurance companies now contend that they have to incur heavy loss on this count and already decided to do away with this ‘cashless policy’ in big hospitals in four metros much to the inconveniences of insured persons concerned. In case of medical emergency it’s difficult to procure money at a short notice and so patients would henceforth immensely suffer despite being insured. In fact, it’s an unholy nexus between hospitals and third party administrators(TPA) which is responsible for the present predicament for medically insured persons. Under these circumstances govt should come forward and intervene to ensure justice to the sufferers.