India just launched the largest health insurance scheme on the planet

This Sunday, Prime Minister Narendra Modi announced that India wants to offer free coverage for over half a billion of its poorest citizen. The new insurance scheme — dubbed “Modicare” — will cover 100 million of the country’s lowest-income families (the bottom 40% bracket). Each will receive services equivalent to the sizeable sum of 500,000 rupees (roughly $6,900) per year to treat serious ailments.

Source: India just launched the largest health insurance scheme on the planet

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