With rising healthcare costs, insurance sector regulators irdai Hospitals should be allowed to regulate or a separate regulator should be set up, a Member the regulator said on Monday. The member clarified that as an insurance regulator, IRDA seeks to protect the public against persistent escalation health insurance Premium.

“As an insurance regulator, we do not find it very difficult to regulate the health ecosystem… we are regulating only a part of it, which are only insurers. There are TPAs ​​(Third Party Administrators) concerned with insurers, we are indirect Please try, if I use this word, regulate hospitals,” Insurance Regulatory and Development Authority of India (Irdai) Member (Non-Life) TL alamelu said.

“So, our look at how insurers increase their premiums… stepped in and spoke to the state governments.

“So, we had to step in and it took time for the hospitals to respond. So, it is our wish to have a regulator or allow us to regulate the hospitals as well so that it becomes a logical ecosystem,” Alamelu said . ,

The IRDA member said that there have been some incidents related to Kovid-19 where hospitals have refused to provide cashless treatment.

“We ask hospitals to come forward for cashless (treatment). It has been only a few hospitals looking at the population, the number of hospitals having cashless agreements with insurers is not very high, considering the number of insured population And there are also issues where hospitals can keep raising their bills and keep changing their tariffs.”

He said that an entire regulated ecosystem in the healthcare sector would ultimately protect the policyholder or the general public. And this will give people more confidence in buying insurance, trust in the insurance system, thereby motivating more people to start buying insurance.

Spread the love