Oman – Plans for compulsory health ins. Underway
Monday, 07 16 2018, Category: Insurance and Reinsurance, Country: Oman
Companies in Oman will soon be required to provide mandatory health insurance for their employees, a statement released by Oman’s Capital Market Authority (CMA) read.
According to the statement, CMA is currently drafting plans to roll out mandatory health insurance after the Council of Ministers reached a decision to make it a necessity for all residents and citizens in the country.
According to the statement released by the authority, “CMA continues its efforts to implement compulsory health insurance. The Capital Market Authority is continuing its endeavours, in collaboration with the relevant entities, to implement the decision of the Council of Ministers to apply the compulsory health insurance scheme for employees of the private sector, expatriates and visitors.”
“The decision aims to meet the needs of the employees of the private sector relating to coverage of basic health, so to limit the high costs that employers of the private sector will incur in view of the current economic situation, in addition to ensuring the provision of quality services by insurance companies and health care units to the insured,” added the statement.
Oman’s Minister of Health, Mohammed bin Obaid Al Sa’eedi said that CMA’s plans are in line with the announcement pertaining to compulsory health insurance, made by the government in September 2017.
Source: Times of Oman