As per ADB' report titled 'Aging Well In Asia', India having the lowest health insurance coverage among older people at 21 percent.
Banking & Finance
As per ADB report, India is one of the lowest health insurance coverage among the Asia Pacific nations for older people. While the South Korea and Thailand have achieved universal health coverage, others lag behind with India having the lowest health insurance coverage among older people at 21 percent, a report titled 'Aging Well In Asia' prepared by ADB said. However, schemes like Ayushman Bharat that provides cashless healthcare to bottom quartile of population has improved health coverage since its launch. Expanding it further will improve the condition and make people aged over 60 years more productive for the economy, adding, silver dividend can be higher for such countries who gainfully employ them. The economic growth impact due to ageing population during 2031-40 would be lower in the case of India as it would still have high young population.
The number of people aged 60 and older in developing Asia and the Pacific is set to nearly double by 2050 to 1.2 billion.
Asian Development Bank (ADB)
Founded- 19 December 1966
HQ- Mandaluyong, Philippines
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