'Modicare' to cost about ₹11,000 crore a year: Reports

The National Health Protection Scheme, dubbed 'Modicare', which provides health insurance to about 50% of India's population will reportedly require about ₹11,000 crore in central and state funding annually. The cost of insuring each family will be about ₹1,100. It is the world's largest government-funded healthcare programme and will provide ₹5 lakh annual cover to 10 crore poor families.