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25.04.2008
Credit-Rating: New law on mandatory health insurance may negatively affect development of wide-spread networks of private clinics
Credit-Rating notes that creation of wide-spread networks of private clinics by insurance companies may be suspended had the bill `On mandatory state social health insurance` (registered under #1040) be passed in the present edition.
The parliamentary Committee on Social Policy and Labour have considered and suggested to approval as a base for the Law of Ukraine `On Mandatory State Social Health Insurance` registered at 2007-end. According to the document, the Fund for State Social Insurance of Temporal Disablement is suggested to be reformed into Fund for State Social Health Insurance and delegated insurer`s functions, in fact to make it principal service provider.
That may lead to monopolization of this segment of insurance market and to situation, where insurers may be deprived of a significant amount of proceeds from both mandatory and voluntary health insurance. According to Credit-Rating`s leading analyst Tatyana Gulik, `The approval of this bill will be a constraining factor for development of private healthcare services, for insurers` plans on development of wide-spread networks of private clinics may be suspended due to risks of no demand for their services, considering the newly established Fund for State Social Health Insurance`.
Today a number of insurance companies, which establish their own healthcare institutions, secure discontinuity of the process, which stretches from sale of mandatory insurance policies to providing necessary healthcare services. Among companies, which already opened own institutions are Dobrobut IC (Healthcare Centre Dobrobut), Ukrainian Insurance Group (which is co-operator of Diya clinic), TAS Insurance Group (which co-operates with TAS-Clinic for Family Healthcare) and others.
Credit-Rating`s note:
In the healthcare sector the agency assigned a rating to issue of registered coupon bonds by Healthcare Centre Dobrobut LLC (the national scale rating of uaB/stable outlook was assigned to series A bonds for the amount of UAH10m).
For more information, please contact:
Information and Communication Department
Sergey Rozumyak +38 044 490 25 50
SRozumyak@credit-rating.com.ua
