Sharp hike in health insurance premium hits senior citizens

I wonder if this statement is true?

G Srinivasan, CMD of New India Assurance Company, says insurers face losses of 300% in the senior citizen category. “The primary cause is medical inflation. Hospitals have no regulator, but we do. We are forced to increase prices for our viability.”

 

via Sharp hike in health insurance premium hits senior citizens | India News – Times of India

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