Uniform Medical Insurance - Medical Insurance

Surge in Medical Insurance

Historically Insurance has been in existence for over three centuries in this world. Due to its enormous growth, it has been classified into various classes depending upon the type and nature of the risk involved. The major traditional classes of insurances are medical, motor, property & marine. It is found that medical together with motor constitute almost half of the insurance portfolio of the total insurance business. These classes of insurance are also known as attrition class of business as losses do occur with regular frequency. Medical insurance is more prone to attrition than any other class of insurance.

In Saudi Arabia, insurance sector has been poised for rapid growth and the major growth will be in the area of health insurance since the government has started applying cooperative health insurance scheme to expatriates working in the private sector. This scheme is being applied to expatriate workers and their families in three phases. In the first phase, companies which employ 500 or more employees are obliged to implement the scheme for their expatriate staff. In the second phase, the scheme is applied to expatriate employees in companies employing more than 100 foreigners. In the third phase, it is applied to all companies and all expatriates including domestic servants. Lately, the government has decided that expatriate workers must have health insurance coverage for the application and renewal of their Iqamas (resident permits). This decision has given a fresh boost to the Kingdom's health insurance sector.

The cooperative health insurance scheme was approved by the Council of Ministers in 1999 with the objective of regulating the mandatory medical insurance and to reduce government expenditure in the health sector. The overall average expenditure in the Saudi health sector amounts to SR 37.4 billion per year, of which 29.9 billion is government expenditure and the remaining SR 7.5 billion is accounted for by the private sector.
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Implementing health reform Politico
table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNHbCteNPXB3kHSQTxUbrhk8UDVDXAamp;url=http://www.politico.com/news/stories/0112/72218.htmlimg src=//nt0.ggpht.com/news/tbn/fLA88U6Los-shM/6.jpg alt= border=1 width=80 height=80 /br /font size=-2Politico/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNHbCteNPXB3kHSQTxUbrhk8UDVDXAamp;url=http://www.politico.com/news/stories/0112/72218.htmlbImplementing bhealth/b reform/b/abr /font size=-1bfont color=#6f6f6fPolitico/font/b/fontbr /font size=-1Consumers dread choosing health insurance, as various surveys show, largely because they don#39;t understand it. But the new health care law now calls for buniform health insurance/b summaries, available to all consumers starting in 2012./fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.com/news/more?pz=1amp;ned=usamp;ncl=dQLzCSfMLK-JanMnobrband morenbsp;raquo;/b/nobr/a/font/div/font/td/tr/table

American Airlines to lay off thousands, but impact on Miami is unknown MiamiHerald.com
table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNHehL4HJLFKAwHJF6ZbvYPFUPylVwamp;url=http://www.miamiherald.com/2012/02/01/2620091/american-airlines-to-lay-off-thousands.htmlimg src=//nt1.ggpht.com/news/tbn/Afj0Azkyh0lLAM/6.jpg alt= border=1 width=80 height=80 /br /font size=-2MiamiHerald.com/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNHehL4HJLFKAwHJF6ZbvYPFUPylVwamp;url=http://www.miamiherald.com/2012/02/01/2620091/american-airlines-to-lay-off-thousands.htmlbAmerican Airlines to lay off thousands, but impact on Miami is unknown/b/abr /font size=-1bfont color=#6f6f6fMiamiHerald.com/font/b/fontbr /font size=-1bUniform health coverage/b for all employees, with employees paying 23 percent of insurance costs. A change in the retiree medical benefit that would require current employees to pay for their medical insurance after they retire. By Hannah Sampson and Ina b/b/fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.com/news/more?pz=1amp;ned=usamp;ncl=duKQ4gUpKU06ZoMnobrband morenbsp;raquo;/b/nobr/a/font/div/font/td/tr/table

Viewpoints: Debt Estimates And Medicare Plans; Sen. McConnell On Fate Of ... Kaiser Health News
table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serif/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNFLQiYrkN7aTrN_BJyEzLREFnQJ9wamp;url=http://www.kaiserhealthnews.org/Daily-Reports/2012/February/01/wed-opinions.aspxbViewpoints: Debt Estimates And Medicare Plans; Sen. McConnell On Fate Of b/b/b/abr /font size=-1bfont color=#6f6f6fKaiser Health News/font/b/fontbr /font size=-1But the new health care law now calls for buniform health insurance/b summaries, available to all consumers starting in 2012. Every private health plan is required to provide this summary, so consumers for the first time will be able to compare b/b/fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.com/news/more?pz=1amp;ned=usamp;ncl=d8vPLHpJdhwgsOMnobrband morenbsp;raquo;/b/nobr/a/font/div/font/td/tr/table

Proposed leave rules would benefit military families Battle Creek Enquirer
table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serif/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNHjA7oBG_9do-Fr_CPGI1M0BV_PmAamp;url=http://www.battlecreekenquirer.com/article/20120201/OPINION01/202010309/Proposed-leave-rules-would-benefit-military-families?odyssey%3Dmod%257Cnewswell%257Ctext%257CFrontpage%257CsbProposed leave rules would benefit military families/b/abr /font size=-1bfont color=#6f6f6fBattle Creek Enquirer/font/b/fontbr /font size=-1Since 1993, the federal Family and bMedical/b Leave Act (FMLA) has allowed most employees to take unpaid leave to deal with certain bmedical/b or family emergencies without fear of losing their jobs or binsurance benefits/b. The law provides for up to 12 weeks b/b/fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.com/news/more?pz=1amp;ned=usamp;ncl=dkVrrIOEjAVSajMnobrband morenbsp;raquo;/b/nobr/a/font/div/font/td/tr/table

Proposed leave rules would benefit military families Battle Creek Enquirer
table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serif/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNHpA-hg-xR_cAsFk1tSwqoQOA9ssgamp;url=http://www.battlecreekenquirer.com/article/20120201/OPINION01/202010309/Proposed-leave-rules-would-benefit-military-families?odyssey%3Dnav%257CheadbProposed leave rules would benefit military families/b/abr /font size=-1bfont color=#6f6f6fBattle Creek Enquirer/font/b/fontbr /font size=-1Since 1993, the federal Family and bMedical/b Leave Act (FMLA) has allowed most employees to take unpaid leave to deal with certain bmedical/b or family emergencies without fear of losing their jobs or binsurance benefits/b. The law provides for up to 12 weeks b/b/fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.com/news/more?pz=1amp;ned=usamp;ncl=dYT2hsvWHImsX4Mnobrband morenbsp;raquo;/b/nobr/a/font/div/font/td/tr/table