New Hospitals For Expats In Kuwait

The Kuwaiti government is set to approve a proposal to build three new hospitals for Expats in Kuwait

London, UK (Pryce Warner International) August 12th, 2011 – The government is about to present a new draft health insurance bill that aims to radically improve health services throughout the kingdom.

The new bill will be submitted to the national assembly during the next legislative round for approval.

The purpose of the bill is to regulate treatment procedures in private hospitals abroad or in Kuwait. This means the government will pay installments of the proposed health insurance through the establishment of joint stock companies, in which 50% of the shares will be offered to the citizens and the remaining portion to the specialised local and foreign corporations.

These companies will also construct hospitals, hire medical experts and acquire the necessary equipment to better serve the citizens.

Expats will benefit from a new social insurance scheme, as well as the construction of three hospitals exclusively for foreigners residing in Kuwait. The hospitals are set to be built in Jahra, Farwaniya and Ahmadi. Once these hospitals have been completed, the existing public hospitals will be for Kuwaiti citizens only.

David Retikin, Director of Operations at Pryce Warner International, a Financial Services Provider for Expats, commented: “Though three new hospitals exclusively for Expats is in theory fantastic news for foreigners in Kuwait, if all other hospitals will be for nationals only once they are built, that may present a problem. Though Kuwait is a small country, three hospitals to choose from is not many in the event of a medical emergency, and the question remains whether or not Expats would be turned away from local hospitals under all circumstances. If this is to be the case, Expats may have to consider relocating so that they are as close as possible to a hospital.”

Pryce Warner International Group provide International Asset & Investment Management, Independent Financial Advice & QROPS Overseas Pensions.

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By: Aneil Fatania
Financial Editor
Pryce Warner International Group
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