Health insurance in UAE Essay Example | Topics and Well Written Essays - 750 words

Health insurance in UAE - Essay Example This paper discusses health insurance in United Arab Emirates (UAE). The United Arab Emirates provides high quality medical care to its citizens (Oxford Business Group, 2012). Health care services are available for the Emiratis in every public hospital and other primary health centres. This means that all citizens have good access to medical care. The efforts to reduce the expenditures in the UAE’s Ministry of Health have led to introduction of a compulsory health insurance scheme. This will enable the citizens to access medical services in both private and public hospitals. Hence it is a boost for the UAE economy as it enhances the quality of medical care for the UAE residents. Provision of healthcare insurance is very relevant and important for the economy of the United Arab Emirates. This is because it cuts on the government’s yearly medical budget as well as generates revenue from the taxes paid by the insurance providers. Health insurance promotes quality medical care hence improved living standards. This leads to increased productivity which is relevant for the economy. Expansion in the health insurance sector is a relevant economic factor because of increased premiums for the insurance industries. Borscheild and Haueter (2012) assert that the premiums from every employee are subsidized by the government to cater for the occurrence of a future need. Health insurance has a bearing in the social and health needs of the UAE. Medical history reveals that the UAE had only 7 hospitals in 1979, but these have increased to over 68 today (IBP USA, 2009). This shows expansion in the provision of social amenities and health care. It is revealed that the absence of private health care brought about a foul cry, which forced the UAE government to roll out free care for all the residents, both local and foreigners (Borscheild & Haueter, 2012). Hence incredible developments had to be adopted with