Executive regs of the Universal Healthcare Act will make clear the insurance sector’s role in new system
LEGISLATION WATCH- The executive regulations of the Universal Healthcare Act will make clear how private-sector insurance players will fit into the new healthcare system, including prices and coverage rates, Vice Minister of Finance Mohamed Maait said, according to Al Mal. Under the law, private-sector insurers will be able to provide coverage through the new healthcare system and share those costs with the government at rates and prices set by the Social Healthcare Insurance Authority — one of the three regulators mandated by the law. Maait said the prices will be close to the average prices in the market. His statement came during meetings held this week with private insurers to discuss their role in the new system. Some, including Egypt Life Takaful Company (GIG) and Libano Suisse, have complained that it wasn’t clear how the private sector fit into the new system.
The executive regulations will be ready in two months, Maait revealed, according to the newspaper. Last we heard, the regs had been drafted and are with the Council of State (Maglis El Dawla) for review.