Standardized packages will bring down treatment cost-Experts

Insurance companies and hospitals are working on standardizing packages for covid-19 treatment. The packages will be applicable to patients with mild to moderate symptoms. Standard packages will help bring down the treatment cost for patients who have an insurance policy. A majority of hospitals have already agreed to the standard packages. “Around 80-85% of the cases are mild to moderate. These are being standardized depending on the number of days a person stays in a hospital, facilities provided to the patient and so on. Many hospitals are on board and 60-65% of the claims are being processed based on the standardized rates,” said Bhargav Dasgupta, Managing Director and chief executive, ICICI Lombard General Insurance. For complicated cases, especially those with co-morbidities, it’s difficult to predict the treatment cost, and such cases will be based on the actual cost of treatment. Since the covid-19 pandemic hit India, many hospitals charged exorbitant sums to treat patients.