[Press Review] GCC Insurance Market is Trying to Find its Way
by Vincent Fromentin on Jun 20, 2011 • 4:47 pmPress Review of the week
June 20th 2011
The sudden death of Barbara Starfield, pediatrician and professor of Public Health & Management at Johns Hopkins University, on June 10, plunge into mourning primary health care, equity and human rights. In Saudi Arabia, where women are fighting against fatwa to drive their car, primary care and equity are essential in health for all.
In GulfNews, as we already underlined, we read that GCC spend $18 billion on healthcare facilities already but due to the rapid growth of population (expected to increase to around 60 million by 2017), insurance policies will be insufficient to sustain the growing spending on chronicle diseases: “It is not as simple as developing a national insurance scheme. Insurance is only one, and a far from complete solution to diversifying the current heavy spending on health care. The governing authorities and private sector must work together.” according to Dr Mussaad Al Razouki, CEO of Kleos Healthcare Corporation in Kuwait.
Saudi Arabia has just concluded a $3.5 million agreement with Devoteam, a UK-based company, to implement an electronic system “providing a comprehensive database of all operations of the health insurance sector”. This system of exchange and verification between insurers will fight against corruption which seems to be part of the current climate…
