The Hindu Editorial Vocabulary 24th April 2024

It’s important to improve communication skills by learning new words. Aspirants targeting government exams should boost their vocabulary knowledge. We have compiled contextual meanings of difficult words in the Hindu Editorial Vocabulary 24th April 2024.

The Hindu Editorial Vocab On Affordable Health Insurance

While broadening eligibility, health insurance must be made affordable

The Insurance Regulatory and Development Authority of India (IRDAI), the apex regulator (a person or organization whose job is to control an activity or process and make certain that it operates as it should) of insurance products, has asked companies to enable a wide demographic (relating to demography (= the study of populations and the different groups that make them up) of citizens to benefit from health insurance. Most significantly, it directs insurance providers to make health insurance available to senior citizens, as those above 65 are currently barred from issuing new policies for themselves. This is clearly an acknowledgement of demographic changes underway in India. Though India’s population figures have not been officially accounted for since 2011, estimates from the UN Population Fund and experts suggest that India’s is nearly level with China and may have surpassed (to do or be better or more than something else) it sometime in 2023. The India Ageing Report 2023, which draws from UN projections (a calculation or guess about the future based on information that you have), estimates that India’s cohort of seniors — those above 60 — will increase from about 10% of the population (149 million in 2022) to 30% (347 million) by 2050. That is more than the current population of the U.S. Several of the most developed countries already have their senior demographic (65-plus) ranging from 16% to 28%. That is already precipitating considerable (large or of noticeable importance) worry within these populations on access to health care, affordable medicine and appropriate care-giving infrastructure to support them. Some of these economically developed countries have government-funded public health systems and others are entirely dependent on private health care, with cost being a significant determinant (something that controls or affects what happens in a particular situation) in access to quality care. In many of these countries, there is no entry barrier to health insurance policies, though, following principles of actuarial (relating to the work of an actuary, or to the job of being an actuary) economics from centuries ago, health insurance gets progressively (gradually), and sometimes exponentially (in a way that becomes quicker and quicker as something that increases becomes larger), more expensive as age advances.

Already the small, single-digit percentage of India’s economic elite can afford the equivalent of “family floater” plans that take care of individuals and their parents at a cost lower than what individual senior-citizen health insurance would cost. If the only effect of the IRDA’s recent circular is to provide many more unaffordable health insurance policies, it would be equivalent to admiring the icing on an inedible cake. Much has been made of the next two decades being critical (saying that someone or something is bad or wrong) to India’s future, on the reasoning that this is the time that India must reap its ‘demographic dividend’. This is premised on a large proportion of the workforce moving out of agriculture and inevitably (in a way that cannot be avoided) followed by a breakdown of the traditional care-giving structure for the aged. The experience in several southern Indian States is telling. Thus, broadening the eligibility of health insurance should be accompanied (to go with someone or to be provided or exist at the same time as something) by a massive upgradation of affordable (not expensive) health care.

The Hindu Editorial Vocabulary Wordlist 24th April 2024

Improve your vocabulary knowledge with the Hindu Editorial Vocabulary 24th April 2024. We cover contextual meanings of difficult words in the daily wordlist.

• Regulator: A person or organization whose job is to control an activity or process and make certain that it operates as it should.
• Demographic: Relating to demography (= the study of populations and the different groups that make them up).
• Surpassed: To do or be better or more than something else.
• Projection: A calculation or guess about the future based on information that you have.
• Considerable: Large or of noticeable importance.
• Determinant: Something that controls or affects what happens in a particular situation.
• Actuarial: Relating to the work of an actuary, or to the job of being an actuary.
• Progressively: Gradually.
• Exponentially: In a way that becomes quicker and quicker as something that increases becomes larger.
• Critical: Saying that someone or something is bad or wrong.
• Inevitably: In at way that cannot be avoided.
• Accompanied: To go with someone or to be provided or exist at the same time as something.
• Affordable: Not expensive.

The Hindu Vocab Master 24th April with Synonyms & Antonyms

Know synonyms and antonyms of difficult words in Hindu Vocab Master prepared on 24th April 2024.

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