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#WATCH | Delhi: On IRDAI's proposal on changes to insurance distribution rules, author and financial educator Monika Halan says, "The entire industry is based on the policyholders' money. For 27 years, the policyholder has been last in the mind of the insurance regulator. IRDA has been more of an...

103,806 görüntüleme • 1 gün önce •via X (Twitter)

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The Truth ™️ profil fotoğrafı
The Truth ™️1 gün önce

@monikahalan Well said Monika.

GreelixPower profil fotoğrafı
GreelixPower1 gün önce

⁰

Rahul Malkan profil fotoğrafı
Rahul Malkan1 gün önce

A rational consumerr is more concerned about claim settlmnt, exclusions,deductions,inflated hospital bills than only misselling. Consumer protection should examine the entire insurance chain, not make distributors bakras leaving insurers,hospitals unchecked.

Akshat Shankar profil fotoğrafı
Akshat Shankar1 gün önce

@sheela2010 India already has too much regulation that they are adding more.

Ashish Malaviya profil fotoğrafı
Ashish Malaviya1 gün önce

I stopped paying for Mediclaim only for these reasons,

CA Rahul’s Insights✍️⏰ profil fotoğrafı
CA Rahul’s Insights✍️⏰1 gün önce

On the path toward Viksit Bharat, India needs a strong culture of trust & accountability and its regulators must act firmly against fraud, cheating, corruption, and deliberate violations of rules. Enforcement should be swift, consistent.

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House Compressional Hearing on US Health Insurance Companies Rep Greg Murphy, MD says Health Insurance Companies have destroyed the healthcare industry and have made an entire industry around denying care for profit “I have been a physician for 35 years and sadly have had a front seat to witness the decay and decline of one of America's largest industries and that's the health insurance industry. I have had patients cry in my room, have had physicians cry to me, throw up their hands in disgust and quit because of actions of our health insurance industry. Nothing you're going to say to me today is going to change that. You have put profits above patients and you put profits above those who care for patients. You're sitting here blaming hospitals, pharmaceutical companies, even physicians. There is blame to go away, to go around there. But you have squarely abused your privilege of authority” “There has been systematic denial and delay of care. It took me eight denials myself to get a medicine that I need to exist” “There's been a weaponization of prior authorization. You are killing people who are trying to get deliver healthcare. There's been abuse with the Medicare Advantage plans. My God, I could talk about that for hours. Deceiving and extorting taxpayer dollars” “There had been record profits. I don't want to hear about the fact you're not taking profits. We know how money gets moved around in these companies. The C-suite executive salary compensations is a slap in the face to the average American who goes bankrupt because they cannot afford health care.” “You've manipulated medical cost ratios by the way that you pay physicians and the way that you hide money through your PBMs. The vertical integration. You guys own PBMs. You own pharmacies. You own health agencies, physician groups. Good God, you own a bank.” “If I had my way, I'd turn all of you guys into dust. We'd start back from scratch. We'd have competition in the industry. We'd have associated health plans. And we would have nonprofit hospitals rather than profit being put over patients. Sadly enough, I'm not naive enough to believe that anything that's been said today is going to change boardroom behavior. I don't think it will happen. The bottom line is profit”

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