HOUSE_OVERSIGHT_016167.jpg
891 KB
Extraction Summary
0
People
11
Organizations
3
Locations
0
Events
2
Relationships
4
Quotes
Document Information
Type:
Financial research report / policy paper
File Size:
891 KB
Summary
This document is page 57 of a Merrill Lynch 'GEMs Paper #26' dated June 30, 2016. It analyzes the healthcare insurance market in Saudi Arabia, discussing potential government strategies for expanding coverage to an additional 20 million people, including setting up a state insurer or utilizing existing private insurers. It includes market share data for insurers like Bupa Arabia and Tawuniya, and bears a 'HOUSE_OVERSIGHT' Bates stamp, suggesting it was part of a congressional investigation.
Organizations (11)
Locations (3)
| Location | Context |
|---|---|
Key Quotes (4)
"Use a back-door approach and just force private employers to hire more Saudis"Source
HOUSE_OVERSIGHT_016167.jpg
Quote #1
"The government could set up a single-state insurer that is either funded through direct contributions or through general taxation."Source
HOUSE_OVERSIGHT_016167.jpg
Quote #2
"Daman, Abu Dhabi's health insurer is owned 80% by its government and 20% by German insurance company Munich Re."Source
HOUSE_OVERSIGHT_016167.jpg
Quote #3
"The existing private healthcare insurers in Saudi Arabia are unlikely to have the resources (both people and systems) in place to provide cover for an additional 20m people immediately"Source
HOUSE_OVERSIGHT_016167.jpg
Quote #4
Full Extracted Text
Complete text extracted from the document (1,505 characters)
• Work with existing private insurers
• Use a back-door approach and just force private employers to hire more Saudis
• Use a back-door approach and just force private employers to hire more Saudis
The government could set up a state insurance company
The government could set up a single-state insurer that is either funded through direct contributions or through general taxation. The government would likely need to get external help from a party knowledgeable in insurance and risk, which could be an insurer, Saudi or otherwise. Daman, Abu Dhabi's health insurer is owned 80% by its government and 20% by German insurance company Munich Re.
The government could set up a single-state insurer that is either funded through direct contributions or through general taxation. The government would likely need to get external help from a party knowledgeable in insurance and risk, which could be an insurer, Saudi or otherwise. Daman, Abu Dhabi's health insurer is owned 80% by its government and 20% by German insurance company Munich Re.
Existing private insurers may not have capacity if they were made responsible
The government could decide to execute any financing scheme through existing private insurers, or give citizens the option of choosing either a government or private insurer. The existing private healthcare insurers in Saudi Arabia are unlikely to have the resources (both people and systems) in place to provide cover for an additional 20m people immediately and will need some time to prepare. Any large scale immediate expansion could put them at risk of substantial underwriting losses that they would presumably seek to have back-stopped by the government in the initial stages.
The government could decide to execute any financing scheme through existing private insurers, or give citizens the option of choosing either a government or private insurer. The existing private healthcare insurers in Saudi Arabia are unlikely to have the resources (both people and systems) in place to provide cover for an additional 20m people immediately and will need some time to prepare. Any large scale immediate expansion could put them at risk of substantial underwriting losses that they would presumably seek to have back-stopped by the government in the initial stages.
Chart 57: Health insurers by share of claims (1H15)
[Pie Chart Graphic]
28%
25%
20%
16%
7%
4%
28%
25%
20%
16%
7%
4%
■ Bupa Arabia ■ Tawuniya ■ Medgulf ■ Malath ■ Axa ■ Other
Source: BofA Merrill Lynch Global Research, CCHI
Merrill Lynch
GEMs Paper #26 | 30 June 2016 57
HOUSE_OVERSIGHT_016167
GEMs Paper #26 | 30 June 2016 57
HOUSE_OVERSIGHT_016167
Discussion 0
No comments yet
Be the first to share your thoughts on this epstein document