ARAS-PARAS BADLINA HUKMO KARVA BABAT PARIPATRA

ARAS-PARAS BADLINA HUKMO KARVA BABAT PARIPATRA TA:-10/6/2019

In 2017, 8.8 percent of people, or 28.5 million, did not have health insurance at any point during the year as measured by the CPS ASEC. The uninsured rate and number of uninsured in 2017 were not statistically different from 2016 (8.8 percent or 28.1 million).

• The percentage of people with health insurance coverage for all or part of 2017 was 91.2 percent, not statistically different from the rate in 2016 (91.2 percent). Between 2016 and 2017, the number of people with health insurance coverage increased by 2.3 million, up to 294.6 million.

• In 2017, private health insurance coverage continued to be more prevalent than government coverage, at 67.2 percent and 37.7 percent, respectively. Of the subtypes of health insurance coverage, employer-based insurance was the most common, covering 56.0 percent of the population for some or all of the calendar year, followed by Medicaid (19.3 percent), Medicare (17.2 percent), direct-purchase coverage (16.0 percent), and military coverage (4.8 percent).

Mutual funds are attracting huge investment interest. In September 2017, Equity funds (including ELSS) witnessed monthly net inflow at Rs. 18,936 crores, a growth of 406% YoY. The net inflow signifies the overall sentiment of the mutual fund investors, according to an ICRA report. The huge investor interest is due to the variety of mutual fund offerings which can cater to every investor’s financial goals.Manish Kothari, Head of Mutual Funds, Paisabazaar.com points out someone with a high-risk appetite can invest in a mix of large/mid-cap and multi-cap funds while those with moderate risk appetite can opt for equity-oriented balanced funds. “Those with lower risk appetite may opt for debt funds, debt-oriented balanced funds or dynamic asset allocation funds,” he added.Moreover, the duration ranges from one day to a lifetime as funds are invested across asset classes like gold, equities, long-term bonds, short-term bonds & cash. The schemes are also designed as per the investors risk taking capacity.

• Between 2016 and 2017, the rate of Medicare coverage increased by 0.6 percentage points to cover 17.2 percent of people for part or all of 2017 (up from 16.7 percent in 2016).

• The military coverage rate increased by 0.2 percentage points to 4.8 percent during this time. Coverage rates for employment-based coverage, direct-purchase coverage, and Medicaid did not statistically change between 2016 and 2017.

• In 2017, the percentage of uninsured children under age 19 (5.4 percent) was not statistically different from the percentage in 2016.

ARAS-PARAS BADLINA HUKMO KARVA BABAT PARIPATRA TA:-10/6/2019

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