CORPORATE INSURANCE STILL HAS A SPACE
04 July, 2013
CORPORATE INSURANCE STILL HAS A SPACE
Despite the large-scale overall state healthcare insurance project, corporate insurance still has a space of development at healthcare market if it focuses on individual packages and new services uncovered by the state insurance.
The overall healthcare state insurance program that took its start in February of this year by offering minimal packages to those who were not covered by corporate or the state-supported social insurance programs went on its second phase on July 1st, 2013 by introducing the basic package.
The new package enhances services offered by the minimal package [such as ambulance and emergency cases] as well as coverage limits. Now besides ambulance and emergency cases the state healthcare beneficiaries may enjoy planned hospitalization, oncology operations, maternity aid and other services within 60-80% of coverage limits. However on 100% coverage is also available depending the tariffs fixed by hospitals. Lab tests envisage larger scales. It is very important that beneficiaries have an option to choose the hospitals at their own discretion and if the chosen hospital fixes higher than the state coverage limits the difference must be covered from the patient’s pocket. The basic package also targets on those who are not covered by social and corporate insurance however at its third phase the state healthcare will cover the entire population of the country by basic services thus taking over even corporate clientele off the hands of private insurance sector that puzzles the private business scared by the state competition. However Lasha Nikoladze, Head of the Independent Insurance Sector Regulatory body, believes there will be sufficient room for private insurance business development if the management is conducted properly. On the one hand private sector should focus on individual healthcare insurance been pretty underdeveloped at the moment, on the other hand it may target at medicines and high technology researches that are uncovered by the state insurance and also on the service sector.
“As a matter of fact during 20 years of existence Georgian insurance sector managed to cover only 500 million people through corporate insurance and if this figure reaches 600 million for example I would not say that the business slowed down its pace. It is an open secret that the family and individual health insurance was not developed as companies find them of high risk, let the management think of hitting this sector now. I believe there will be a part of population who will not find the basic package offered by the state sufficient and will be eager to buy better individual packages at companies,” Nikoladze said in the interview to Georgian Journal. “Besides, the VIP services can be developed; also new services that allows a client to avoid long queues or solve all requirements through one telephone call. In Germany the state health insurance is much more developed providing by higher coverage limits but that does not hinder the private health insurance to be very well developed too. It is a matter of management.”

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