Covid-19: What happens to insurance policies in the face of a pandemic?

new day new development we heard yesterday the National sterilization program has been extended to run 24 hours a day in Dubai for the next two weeks well Thomson metros will be closed during the duration Union cooperative outlet supermarkets pharmacies and food and medicine deliveries will be allowed to operate also all people leaving homes should now wear a mask and gloves despite what some of you all have read in other sites now that's just a quick update but today what I will be doing is explaining what really happens to

insurance policies in the face of a pandemic technically healthcare policies will no longer respond to the treatment of a policyholder who has been diagnosed with covered 19 due to policy exclusions which recognized this change because well covered 19 has now been declared a pandemic in the UAE services listed outside the scope of health insurance by the DHA is treatment for all health care services for internationally or locally recognized epidemics now this inclusion

is designed of course to ensure that health insurance companies and providers will not face crippling and unsustainable losses in the face of a pandemic the question then becomes whether the state will pick up the cost of care dr. Susanne Robertson answered this on last week's ami light in this region in Dubai and UAE the wider GCC have we seen that the involvement of private sector has been limited or restricted for some reason is that something that's happening on purpose I

think in relation to covered and the management of carbon the question yes so I believe that in any country the first set is at a federal level and or at a government level to try and assess the situation the second step of second stage event to engage industry local industry in order to try and manage currently approaches the third country to country in Bahrain for example

diagnosis and treatment of kovat 19 claims are being handled at a state level either at quarantine sites or at the main government hospitals insurance companies are not involved once patients are diagnosed and the state bears the cost similarly in the UAE Ministry of Health intervention has implemented instructions about when to seek medical attention from one of the main public hospitals or designated care units in the US meanwhile the CDC has been

covering the cost for : 19 while certain states including New York Washington and Nevada have ordered health insurance companies to waive co-pays and deductibles for coronavirus setting Japan is now covering coronavirus screening through the country's national health insurance program which is administered by the local governments well as you know the story develops on an hourly basis and we will continue bringing to you updates and Rabun business comm there is going to be a part two on this video about what insurance policies do and mean for

businesses right now so don't forget to hit that subscribe button and of course watch this space for regular news updates [Music]