Healthcare Insurance In The Time of COVID-19 Pandemic

Healthcare Insurance In The Time of COVID-19 Pandemic

Notably in UAE, health authorities stipulate minimum coverage requirements in order for policies to be deemed regulation compliant.. One service listed 'outside of the scope of health insurance' by the Dubai Health Authority is treatment for "all healthcare services for internationally and/or locally recognized epidemics.". The exclusion is designed to ensure that health insurance providers will not face crippling and unsustainable losses in the face of a pandemic.. Many states may have already taken immediate action and decided to pay for the cost of treatment, prevention and quarantine as a first action response in an effort to prevent the spread and patients relying on private insurance policies will receive the necessary care regardless of who is covering the cost.. Insurance companies are not involved once patients are diagnosed and the state bears the cost.. Governments can seek to protect themselves by arranging bespoke insurance and financing structures, which are designed to provide immediate cash flow to pay for logistical support and assist with combatting the impact an event such as COVID-19 might have on the country.. Policies can respond by making lump-sum payments in the event of parametric or measurable triggers being met, regardless of the actual level of devastation..