Category:

Disaster & Management

29 insurers launch new standard health products, to cover Covid-19 treatment costs

Besides newly launched ‘Arogya Sanjeevani’ IRDAI has already clarified to the public, that the existing indemnity based health insurance products, that cover the treatment costs of hospitalization offered by all general and health insurance companies,also cover the costs of hospitalization treatment on account of COVID -19.

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Life-or-Death decisions by hospitals, doctors come with threat of lawsuits

Health care providers may prioritize patients without underlying conditions who are likeliest to make a full recovery, but there’s no national standard for triage. The question of withholding or withdrawing ventilators from the sickest patients is so charged that medical experts have encouraged providers to develop their own guidelines. Like the U.S. pandemic response itself, it’s largely a state-by-state and, to some extent, hospital-by-hospital patchwork.

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Global coronavirus cases surpass one million, death toll 52,000

The United States had the most confirmed cases of any country, more than 240,000, the data showed.Since the virus was first recorded in China late last year, the pandemic has spread around the world, prompting governments to close businesses, ground airlines and order hundreds of millions of people to stay at home to try to slow the contagion.

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Caronavirus Pandemic:Nationwide lockdown to cost Indian economy $4.64 bn every day: Acuite Ratings

Sankar Chakraborti, CEO, Acuite Ratings & Research, said: “Acuite Ratings estimates that every single day of the nation-wide lockdown will cost the Indian economy almost USD 4.64 billion. Consequently, the 21-day lockdown will result in a loss of GDP of almost USD 98 billion.”

In such a lockdown scenario, the sectors that are most severely impacted are transport, hotel, restaurant, and real estate activities.

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