News From Press Modicare: Premium to be capped at Rs 1,110

Modicare: Premium to be capped at Rs 1,110

Source: Financial Express Sep 20, 2018

The Centre will likely cap annual premium outgo for the ambitious Pradhan Mantri Jan Arogya Yojana (PM-JAY) at Rs 1,110/family, to provide Rs 5-lakh-a-year health cover to 10.74 crore households. The Niti Aayog had earlier estimated the premium at Rs 1,000-1,200. Between them, the Centre and states will share the scheme’s estimated annual cost of around Rs 12,000 crore in a 6:4 ratio.

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