UAE - Health insurance engine of grow of economy
Wednesday, 04 20 2016, Category: Insurance and Reinsurance, Country: U.A.E
The “Business International Monitor” magazine said that the compulsory health insurance in the UAE is an important economic growth engine. This role will continue and will gain increasing momentum. The magazine added health insurance programs are gaining increasing popularity in the Gulf Cooperation Countries given the success of the Saudi, Bahraini and Qatari experiences. However, the greatest success has been in Abu Dhabi. These programs will strengthen the health care infrastructure which is financed by the private sector such as opportunities for pharmaceutical industries in the GCC.
The implementation of compulsory health insurance has made achievements in order to meet the increasing need for health care and alleviate the health spending burden by shifting financing from government to the privates sector.
Source: Al Bayan - UAE