Health Insurance
CINICO faces review as CIG pours in cash
(CNS): The finance minister has said the Cayman Islands National Insurance Company (CINICO) is undergoing a review to see if it is fit for purpose. Roy McTaggart told his colleagues in the Legislative Assembly on Wednesday that the government-owned insurance company was under strategic analysis to arrive at some recommendations for government about its future.
Insurance companies take away drug choices
How can a doctor prescribe a medication to treat a chronic illness and an insurer then decide they know better than the doctor and choose not to cover it? What is even more infuriating is the Big Pharma alternative is three times more expensive than cannabis oil and has so many side effects yet they […]
$6M more voted for healthcare costs
(CNS): The opposition member for Bodden Town West, Chris Saunders, urged the health minister to consider a national health insurance plan for the Cayman Islands, after Finance Committee voted last week to give the ministry another $6.5 million to cover indigent healthcare costs for the remainder of this year. Saunders said that the current situation […]
Health minister gets $8M to cover budget gap
(CNS): Finance Committee has approved millions of additional dollars for the health minister after he revealed that the budget for overseas tertiary healthcare for Cayman Islands people who are indigent as well as elderly seamen and veterans had already overrun its budget allocation at the financial year half-way mark. Committee members voted for the extra $8 million […]
PAC queries health insurance sector profits
(CNS): The private health insurance sector in the Cayman Islands made profits of well over CI$50 million in 2016 while many people here struggle to access insurance, can barely afford it or are inadequately covered, which was a key item on the Public Accounts Committee agenda Wednesday, when the health insurance commissioner appeared as a […]
Health is a human right, says minister
(CNS): Health Minister Dwayne Seymour has said that “health is a human right and nobody should have to choose between good health and other life necessities”. In a statement to mark World Health Day, the minister said that everybody in Cayman should have access to the best healthcare available. “Neither should anyone face financial hardships to […]
CIG proposing health insurance plan for over 65s
(CNS): The government is embarking on a public consultation on the idea of a Standard Health Insurance Contract for seniors in the Cayman Islands aged 65 and older. The Health Insurance Commission (HIC) and Department of Health Regulatory Services (DHRS) have created a survey seeking opinions on how Cayman can best meet the unique healthcare needs […]
No date decided on co-pay benefits in CS
(CNS): The civil service management has not set a date to introduce co-pay health or pension benefits for government employees, the financial secretary has confirmed. Government has been in talks with its staff for several years now about the possibility of them co-paying in the first instance for their health insurance cover. But the Cayman […]
Private pensions and healthcare draining public coffers
(CNS): Premier Alden McLaughlin has made his most emphatic statement yet about private sector health insurance and pensions failing the people of the Cayman Islands, describing them during Tuesday’s Finance Committee meeting as breaking the government coffers. McLaughlin said government could not continue to carry people who cannot afford health cover when they retire because […]
When health insurance doesn’t cover health costs
Have a heart Cayman writes: The numbers just don’t add up when it comes to insurance and the average person. I’ve been unable to work due to ill health and my husband earns $30k a year to support us both. My medical insurance premium is almost $4,500 a year for what is considered a good […]
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