Decision of TPA's to go for legal action/Competition Commission /IRDA against 4 PSU's tender for TPA JV is resulting in spoiling the image of Health Insurance Industry.The newspapers /electronic media are covering it as it is their business to do news coverage.We are not realising that this is leading to customers losing confidence in the indust...
Tuesday, 31 August 2010
Friday, 27 August 2010
Friday, 20 August 2010
The news papers and TV channels are covering the news of neogotiations going on between healthcare providers/TPA/Insurance Companies (4 PSU's).Waht apperas in the morning newspaper is contradicted during the day on TV.Is it not bringing down the reputation of healthcare providers/TPA/Insurance Companies?They are not realizing what the customers are talking about them.Their reputation has come down by 50% since July 1 ,when the controversy start...
Monday, 16 August 2010
Should PSU’s create a common TPA or they should create a stand alone health insurance company?Creation of a common TPA is not looking at the future. The right thing for the PSU’s will be to set up a JV company (ownership being shared by 4PSU companies, may be 25 % each) and then have in house claim settlement department. If Bajaj Allianz, Star and others are having success in house claim settlement department then this company (let us say for discussion sake GIPSA Health Insurance Company Ltd) can also have in house claim settlement department,...
Thursday, 12 August 2010
Saturday, 7 August 2010
It is interesting to note from Government auditor CAG that public sector insurance companies have incurred huge losses on group mediclaim policies because of Their lackluster attitude in adopting a standard rate for medical services.According to the report during the three years (2006-09), the four PSUs suffered a loss of Rest 417 core from individual portfolio and Rest 622.49 core from group policies. The CAG said that the premium earned by the four insurance companies nearly tripled to Rest 3,696 core in 2008-09, from Rest 1,321 core in 2004-05....
Monday, 2 August 2010
Every one is talking about the controversy which started on July 1,2010. Yes it started with names of about 800 hospitals being deleted from the list of empanelled hospitals.Meetings are going on between insurance companies and health care providers and you can expect solution of the problem by August 10,2010Let us hope for the be...
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