Insurance Companies As the Foremost in 2021st Health Insurance Policy. Lasting Role to Private Insurance?

Insurance,

Health Insurance is a life relief you may desire for. You may seek the protection of yourself and your dear ones. Thus, all degrees of relief that a sitting government provides you can lead to a favorable milieu for the government. The PTI government much like other mandated regimes is expected to provide health insurance. In this way, it has to maintain diversified aspects in consideration.

Potential Beneficiaries and Health Insurance

Primarily, there are three beneficiaries of the said insurance; Punjab, KPK, and the territories favored by the Federal Government.

Punjab Insurance
KPK
Federal Governments Territories

Punjab. Around 32 million families in Punjab will get respectively 100 million in terms of sehat sahulat program. The government will spend these finances for hospitalization purposes. So, both private and public sector hospitals can be utilized for this relief.
KPK. Likewise, the government in KPK has already begun to provide relief in the term of universal health insurance program. It has assigned 26 billion to provide insurance to the KPK population.
Federal Governments Territories. These territories will be managed directly by the federal governments in its first phase. The territories include Gilgit Baltistan, Azad Kashmir, and Islamabad.

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Further,

Who could be the agent of transformation? What are the companies that may offer their services for health insurance in these territories? Among the insurance competitors, the state life insurance corporation, Jubilee life Insurance company, and the Adamjee Insurance Company are the prominent competitors.

Insurance

To materialize the above said insurance companies, there may be several issues that the government must provide a long-standing issue. These issues are as follows:

The state life insurance corporation has emerged as the winner of this health insurance provider. Given this decision, the private sector companies have some reservations;

The monopoly of the State Life Insurance: With the emergence of the current health insurance provision, State Life Insurance Corporation will monopolize the insurance sector. It will donate to the said sector and the private companies could run their operations within a selected area. This will weaken them further.
Loss of Customers: As per the reservation of officials of the private Companies, if the state life wins to ensure its insurance operation in the ongoing health sector, they will suffer a downturn in their operation. They will lose customers.
Quality of Services compromised: with the said monopoly, the quality of health insurance service will be compromised. The services to the right person may not reach in exact spirit.

To wind up, the government should ensure to allow the private sector companies. For the purposes, it should divide the country into many zones and the private insurance companies must be given equal opportunities.