COVID Patients Struggle to Claim Health Insurance
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@guwahatiplus | /c/gplusguwahati www.guwahatiplus.com Volume 08 | Issue 31 May 29 - Jun 04 , 2021 Price : 10 Railways On Defensive Over COVID Police Cracks Whip On Thriving Drug Will GDD Come Out Of Inertia Under Protocol Compliance Racket In Guwahati Ashok Singhal? INSIDE PG 04 PG 05 PG 07 Cryptocurrency COVID Patients Exploring A Struggle To Claim New Frontier In Investment For Health Insurance Future-Savvy Cash In Demand, Clarity In Abeyance PG No Nibir Deka Youngsters - 02 @nibirdeka midst the rising second wave of coronavirus in Assam, Guwahati hospitals have recently avoided cashless options toA pay for health insurance for COVID-positive patients. Hospital authorities have encouraged cash as a means of compensation or advised to opt for medical insurance leading to utter dismay. Guwahati residents have voiced their concerns regarding this alarming practice. On the condition of anonymity, a resident asserted, “The Assam government must regulate the private hospitals. In my personal experience in Guwahati, I found regular curfews in Guwahati. The very few who have availed that big hospitals are not giving Upon enquiring about the mode of of the cashless facilities have cashless Medi-claim (health payment for any treatment at the alleged that the claims form needs insurance) and charging Rs 20,000 hospital, the hospital management to be submitted in a proper way to 25,000 for an oxygen bed.” communicated that the cashless to avail of the cashless modes The Humble Currently, in Assam, there facility of payments is not of payment. They also alleged are two major ways to claim available and they are accepting mismanagement in the hospitals health insurance in the face of a only cash or reimbursement. of Guwahati where patients and medical emergency, the first and This has caused widespread their families have to wait for most convenient one is cashless, concern among the patients and hours and at times the whole day and the second, reimbursement. their families who have paid on the day of their discharge. Under a cashless Medi-claim, extra to avail the cashless option A few of the hospitals that Egg medical bills are directly taken from their respective insurance are accepting cashless modes of care of by the insurance company, companies. payment have claimed that the provided the total bill amount The issue is not limited to resentment among the hospital payable is under an assured limit Guwahati or Assam as the matter fraternity stems from the abject Becomes and the hospital belongs to a has been widely prevalent delay in settlements. “A lot of network. Hospitals usually have a across the country. G Plus spoke the settlements are delayed and Third Party Administrator (TPA) to a senior Health Insurance complicated when one has been Costly Fare: who manages the settlement, professional from Delhi who admitted with COVID-19. This is including all details of financial stated that the hospitals are bound one of the reasons for which the compensation. Reimbursement is to provide the services if they hospitals have refused to accept when one initially pays the entire have claimed to offer the services the insurance,” said an official of Blame It All bill by cash and then visits the of a particular health insurance the hospital. insurance office to get the money company. “Even in other cities, The present government of back. the same issues are happening. Assam has not intervened in the G Plus got in touch with a To be honest, apart from the matter so far. A senior health On Parking reputed hospital in the city that technicalities, it is on part of few of official, on the condition of has specifically admitted COVID-19 the hospitals to utilize the health anonymity, has informed G Plus patients in the current scenario, emergency as the patients will that the issue is between the Full Story on PG No. 03 amidst an increasing number of pay whatever cash they have with respective insurance companies restrictions on movement and them,” added the professional. and the hospital. 2 Lead Story | MAY 29 - JUN 04 , 2021 Cryptocurrency: The New Investment Destination For Youngsters In Assam cryptocurrency is not just limited Nibir Deka to currency or monetary exchange @nibirdeka but acts like a commodity as evident from the tokens. ryptocurrency markets across the Cryptocurrency and world experienced a Assam doomsday-like event on May 19, 2021. The major In recent times, especially post Ccurrencies tumbled rapidly, 4G availability, the advent of wiping off as much as $1 trillion digital media and the internet has from their valuations, which had significantly increased in the state. hit a record high of more than $2 Many youngsters, influenced by trillion in recent times. Bitcoin the advent of digital media and was the worst affected, having tools, have now opted to invest in fallen to 37,635.89/coin with a 32 one of the most popular virtual percent dip in its value over the instruments - cryptocurrency. last week. Dogecoin registered The ramifications of the slump a fall of almost 20 percent over detected on May 19 were felt the last 24 hours, and even the across the world. Young people fundamentally strong Ethereum across the state from Sivasagar, was down around 21 percent, Guwahati, and even Kamrup trading at $2,700. (Rural) were concerned about The currencies made slight their investments. The incidents recoveries but fell again the are remarkably indicative of how next week on May 26, as Iran cryptos have made their way into put a blanket ban on mining the state. cryptocurrency. This global event “I lost 60% of my investment Wild Fluctuations In Crypto-Markets Have Not Yet Hampered The Feeding Frenzy | Internet Photo has been trending on social media and have investments in Bitcoin, internationally. The occurrence Ethereum, Ether Classic, for fraud. However, in March 2020, months earlier. As a result, the involved with Harvard University had ramifications even in Assam. Dogecoin,” said Manob Jyoti the Supreme Court struck down price of bitcoin dropped by around in the United States of America The steep fall in cryptocurrency Sarmah, a resident of Mirza. The the ban as unconstitutional. 15 percent again. (USA) who raised the issue of markets worldwide has not majority of crypto investors that Currently, there is no regulatory Pronab Sen argues in favor of market manipulators. left Assam untouched as many G Plus attempted to speak to board in the cryptocurrency space the enforceability of money. He As for the youths of Assam, he first-time investors in the state had suffered losses. A Sivasagar in India. This could lead to a lot of says, “The fiat currency is backed prescribed them “to be careful of experienced the volatility of the resident had claimed that his vulnerabilities and as such even by the power of the state and is their investments and to sell as financial markets, across the portfolio got reduced from Rs crypto-currency insiders have a legal tender. One can’t refuse it soon as the prices recover a bit and world, in a large-scale manner. 65,000 to Rs 41,000 within hours. called for regulation. But, they under the negotiable instrument then stay out. This is a game that Ankit Dutta, a civil service Despite the difficult tides, all want the crypto-currency to be act but crypto doesn’t enjoy such the majority of people will lose out aspirant, has been investing of them had a commonality in considered as a commodity rather powers,” added Sen. on.” in cryptocurrencies in small their attitude. “Yes, the market is than a currency and as a result, do Additionally, fiat money is a Meanwhile, Aishwary amounts. He said, “I was a bit volatile but I will hold on for the not want an RBI-like structure to government-issued currency that Gupta, who is involved in a anxious when the slump started long haul,” asserted Manob Jyoti monitor the currency. is not backed by a commodity such blockchain startup has called but I kept my calm as I was in for Sarmah. The risks involved as gold. Fiat money gives central for more education in the field of the long haul.” A general shift in banks greater control over the cryptocurrencies. “We have to What are these coins and Without a regulator, the economy because they can control understand the game is long term investing risk of loss increases further how much money is printed. Most and accordingly one has to invest. what is crypto-currency? whenever the demand-supply modern paper currencies, such as People can even prepare their The sample of people G Plus equilibrium breaks, this was one the U.S. dollar, are fiat currencies. long-term goals such as retirement Cryptocurrencies can act like interviewed were predominantly of the main reasons for the recent funds with cryptocurrency,” real money but they also take a first-time investors in their financial crisis. Numerous senior Reject or education: The Gupta told G Plus. digital monetary form and are families in Assam. This greatly economists of the country are two schools of thought? Thus, the current status of not managed or governed by any indicates the shift in the pattern extremely alarmed as a result of crypto in India needs to be central authority. A true product of of investment crypto-currency this. While a few investors sold addressed beyond the binary of the digital age, cryptocurrencies that has been created in the G Plus spoke to Pronab Sen, their cryptocurrencies, others banning or absolute regulation. operate without the involvement state. Most of the parents of former Chief Statistician of India, are looking for long-term As the value of Fiat currency has of banks, governments, or any these youngsters have opted for who explained the vulnerability investment opportunities.