Ayushman Bharat scheme: Centre may penalise insurance companies for delaying payment
The government has proposed to impose penalty on insurance companies for delay in payment to hospitals for settlement of claims under its ambitious Ayushman Bharat National Health Protection Scheme (NHPS)
Under NHPS, if an insurance company delays the claim payment beyond 15 days, then it would have to pay a penalty of one per cent interest on the claimed amount per week till it finally settles the claim. Image source: Reuters