The Role of Health Insurance and Managed Care in India

Shetty, Sham Ranjan and Chatterjee, Debmallya and Pai, Yogesh (2020) The Role of Health Insurance and Managed Care in India. International Journal of Management, 11 (12). pp. 679-692. ISSN 0976-6510

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Abstract

By 2022, the Indian healthcare industry is projected to rise to US$ 372 billion, powered by increased revenue, enhanced health literacy, lifestyle diseases and increased access to insurance. The healthcare industry is a significant and developing research context that can be defined by a strong emphasis on individualized products and a distinguished need for a variety of dispersed supply chain players to collaborate. The ever-rising cost of health care, combined with the need for health care services, the lack of convenient access to affordable health care for people from low-income groups have contributed to the rise of health insurance as an alternate method for funding health care. This article attempts a scoping review of literature on Indian health insurance and the major topics discussed in those articles. Review of the developments and the issues in the Indian insurance industry would enable a clearer understanding of the current level of research and the future directions which is the motivation for the study.

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