Lebanon – Challenges of health insurance
Friday, 01 19 2018, Category: Insurance and Reinsurance, Country: Lebanon
The health insurance sector in Lebanon faces currently 5 main challenges. The first challenge is the absence new investments due to the prudence of investors and the news about war.
Moreover, Dr. Said Hadife, manager of health insurance at AL MASHREK insurance & reinsurance company in Lebanon said the second challenge is the increase in the cost of medical treatment and its impact on insurance especially pharmaceuticals, medical supplies and advanced technology noting a prohibitive cost of cancer treatment medicines.
The third challenge is the economic stagnation and low growth rates of economy, the increase of the value added tax from 10% to 11%, the increase of consumption material and inflation rates. The fourth challenge is fraud and abuse so the health sector became a business sector and the patient became a consumer.
Source: Al Mal News