Nation launches ‘Modicare’ scheme
India on Sunday launched a big health insurance scheme which Prime Minister Narendra Modi said would cover more than 500 million poor people. The program, dubbed “Modicare”, promises health cover worth 500,000 rupees ($6,900) to every poor family to treat serious ailments. The scheme is expected to cost the central and 29 state governments $1.6 billion per year in total. Funding will be increased gradually according to demand.