Could Ayushman Yojana Insurance Cover Double? Latest Updates Revealed

In India, the government undertakes numerous initiatives aimed at improving the lives of its citizens. Tailored to varying needs, these initiatives encompass sectors from agriculture to healthcare. Recognizing healthcare as integral to every individual, the government launched the Pradhan Mantri Ayushman Bharat Yojana.

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Could Ayushman Yojana Insurance Cover Double? Latest Updates Revealed

In India, the government undertakes numerous initiatives aimed at improving the lives of its citizens. Tailored to varying needs, these initiatives encompass sectors from agriculture to healthcare. Recognizing healthcare as integral to every individual, the government launched the Pradhan Mantri Ayushman Bharat Yojana.
Could Ayushman Yojana Insurance Cover Double? Latest Updates Revealed

The Beginnings and Impact

Introduced in 2018, the Pradhan Mantri Ayushman Bharat Yojana, also known as the Prime Minister Jan Arogya Yojana, provides up to ₹5 lakh of free healthcare coverage to cardholders. This health insurance scheme allows beneficiaries to avail treatment in both private and government-listed hospitals across India.
Could Ayushman Yojana Insurance Cover Double? Latest Updates Revealed

Proposed Expansion: From ₹5 Lakh to ₹10 Lakh Coverage

Recent reports suggest a significant development in the Ayushman Bharat Yojana. The government is contemplating doubling the health insurance cover from ₹5 lakh to ₹10 lakh. This potential enhancement is expected to be announced in the upcoming budget session on July 23, 2024.

Budget Implications

Should the proposal materialize, it would add an estimated annual burden of ₹12,076 crore on the government's treasury. This financial commitment underscores the state's commitment to enhancing healthcare accessibility and affordability for approximately 12 crore beneficiaries nationwide.