Insurers are experiencing varied sizes of claims for covid-19 and are wanting some form of standardization. However, hospitals say it’s almost impossible to do this.
What’s your view?The situation around covid-19 is quite unprecedented, complex and ambiguous. We want to define it, but none of us have the experience.There are some issues because treatment costs are open-ended and on a fee-for-service model.
The situation, therefore, gives rise to some kind of standardized package rates with a defined cost capping.I think the hospital sector and the insurance industry with the help of some industry bodies such as FICCI and CII are deliberating to come up with a structure to package costs, which will benefit customers.The covid-19 treatment.