With an eye on the implementation of the world\u2019s largest health protection scheme that was recently announced in the budget by Finance Minister Arun Jaitley, the Economic Advisory Council to the Prime Minister met today and discussed the modalities involved in it, PTI reported. The Budget 2018 had made an announcement that the central government would come out with a 'National Health Protection Scheme' that will cover over 10 crore households i.e. about 50 crore people. The scheme will provide an yearly coverage of up to Rs 5 lakh per family for secondary and tertiary care hospitalisation, the scheme provisioned. The press release said that Economic Advisory Council discussed about the modalities involved in the implementation of the scheme. The world\u2019s largest healthcare scheme will be launched either on August 15 or October 2 by the central government. The healthcare scheme is said to be on the same lines as Obamacare in the US. It was the 4th EAC-PM meeting, chaired by Bibek Debroy, Member, NITI Aayog, PTI report said. A presentation on the health reforms was made by Shamika Ravi, a part-time member of the Economic Advisory Council to Prime Minister. \u00a0Another part-time member of the EAC-PM, Ashima Goyal, made presentation on the draft 'The Indian Fiscal - Monetary Framework: Dominance or Coordination?'. The National Health Protection Scheme under which Rs. 5 lakh medical insurance cover will be provided annually to 10 crore families, as per the announcement made in the budget. Finance Minister Arun Jaitley provided an allocation of Rs. 2,000 crore for the Ayushman Bharat health scheme. He termed the scheme as the world's largest government-funded healthcare programme. The scheme has been launched with an aim to cover 50 crore people with medical insurance.