Medical inflation in India will increase to 11 percent in 2024 from 9.6 percent in 2023 as healthcare costs start to exceed the pre-pandemic levels, according to an international survey by the brokerage firm Mercer and Marsh Benefits, which published the report on its website. A lot of research shows Cancer Among Top Causes Of High Insurance Claims. Let us understand this in depth further. Global medical inflation rose to 10.1 percent in 2021 and 2022 from the pre-pandemic level of 9.7 percent in 2018 and 2019. It expects medical inflation to be 12.4 percent globally in 2023 and 11.7 percent in 2024 due to the anticipated slowing of inflation. The report “Health Trends 2024: Getting the right balance between managing costs and meeting employee needs” surveyed 223 insurers in 55 countries. Noting that rising medical costs are a primary concern globally, it has forecasted a double-digit rate increase in over half of the countries. Diseases like cardiovascular and cancer, it said, are significant drivers of claim costs and frequency. The rising costs, in part, are also because of less attractive public healthcare delivery, requiring employers to opt for “cost-containment mechanisms” within their insurance plans, it said. With health systems facing disruption from skills shortages as digital healthcare is still in its infancy, insurers resort to cost-containment, providing employers options to make changes. The report highlights that employer-sponsored healthcare provides opportunities “both in offering access to high-quality centers and in embracing digital health solutions”, it said. Also Read: Can A Rs 5 Lakh Health Coverage Take Care Of Senior Citizens’ Needs?
Cancer Among Top Causes Of High Insurance Claims; Medical Inflation In India To Rise To 11% In 2024: Survey
Cancer, endocrine and metabolic illnesses, kidney failure, and heart attacks remain key health risks worldwide and are the top causes of high medical claims costs.

Cancer Among The Major Cause of Medical Claims Photo: Cancer Among The Major Cause of Medical Claims
Cancer Among The Major Cause of Medical Claims Photo: Cancer Among The Major Cause of Medical Claims

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