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India has Low Health Insurance Coverage for Older Citizens: ADB report

Published on May 04, 2024
Current Context: According to the inaugural ‘Aging Well in Asia: Asian Development Policy Report‘ released by the Asian Development Bank (ADB) on 2nd May 2024, India has the lowest health insurance coverage among older people, standing at only 21%.
India has Low Health Insurance Coverage for Older Citizens: ADB report
  • Here are some key findings and highlights from the report:
    • South Korea and Thailand have already achieved universal health coverage.
    • The report emphasizes the urgency for India to expand universal health coverage to support its rapidly aging population and maintain growth momentum.
    • The aging population in Asia and the Pacific is set to nearly double by 2050 to 1.2 billion or 25.2% of the regional population from 13.5% in 2022.
    • The new financial preparedness index shows the share of financially prepared near-old people is as high as 86% in Japan and 73% in India.
    • In India, China, and South Korea, 80-90% of retirement finances come from private income and assets, not public pensions or social assistance.
    • 40% of people over 60 in Asia-Pacific lack pension access, with women disproportionately affected due to unpaid domestic work.
    • India is enhancing health insurance for older citizens through schemes like Ayushman Bharat, which covers the bottom quartile.


Q.1 Which countries have already achieved universal health coverage according to the report?
a. India and China
b. Japan and India
c. South Korea and Thailand
d. China and South Korea
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