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Allow us to regulate hospitals to protect policyholders interest: Irdai member
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financialexpress.comWith increasing cost of healthcare, insurance sector regulator Irdai should be allowed to regulate hospitals or a separate regulator be instituted, a member of the regulator said on Monday.
The member explained that as an insurance regulator, Irdai wants to protect public against continuous increase in health insurance premiums.
“As an insurance regulator, we don’t find it very difficult to regulate the health ecosystem … we are regulating the only one portion of it, which is only the insurers. Related to insurers are TPAs (third party administrators), we try to indirectly, if I use the word, regulate the hospitals,” Insurance Regulatory and Development Authority of India (Irdai) Member (non-life) T L Alamelu said.
“So, we do have an eye on
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