India’s insurance regulator, Irdai, has initiated a common empanelment process, tasking the General Insurance Council with onboarding hospitals. Insurers are engaging with eye and general hospitals, aiming for 4,000-5,000 general hospitals in the next few months. While some hospitals welcome standardized pricing, larger ones express reservations. Insurers are expected to negotiate treatment rates based on the PMJAY framework for cost-effectiveness.
South Korea’s KOSPI drops 7% as global chipmaker selloff deepens
South Korean stocks experienced a significant decline on Tuesday. This downturn was driven by a global selloff in chipmakers and rising competition from China. SK