Saudi Arabia – The Health Insurance System met its strategic targets
Friday, 07 10 2015, Category: Insurance and Reinsurance, Country: Saudi Arabia
His Excellency the Engineer Khaled Al-Faleh who is Health Minister and Chairman of the Council of Cooperative Health Insurance revealed that the cooperative health insurance system met its strategic targets where the number of insured reached 10,229,109 including 3,338,628 Saudi and 6,038,481 non-Saudis. The minister of health clarified in a statement yesterday that the cooperative health insurance system aims at providing and supervising health care for all private sector employees where the number of insured reached 10,229,109 including 3,338,628 Saudi and 6,038,481 non-Saudis by the first quarter of the current year, indicating that they receive health services through 2,508 service providers and 28 health insurance companies and 8 health claims administrating company.
He added that the system contributes to alleviating the burden on government facilities and providing additional financing sources for the health care services. It contributes to the development of the private health system and to boost competition which in turn offers large investment opportunities due to the increase in the demand for private sector services. So this will trigger the establishment of hospitals, health centers, and clinics in densely populated areas in different Saudi regions, in addition to securing employment opportunities.
Source: Al Hayat