It is true the inbound travel insurance cover has dropped to US$10,000 (but is still US$20,000 on the Thailand Pass website). The fact is if you want to stay in Thailand, there is still a minimum 3,000,000THB medical cover required to renew your visa. This will not go away as it is mandated by the Department of Health.
Watch: https://youtu.be/a6JUfxs1H7c
Please contact Travel Insurance Thailand for your insurance quote.