Thursday, October 19, 2017

Taiwan gears up for third-generation health scheme

Six to eight years from now Taiwan will have its third-generation national health insurance plan, according to health minister Lin Tzou-yien.

The plan will take up to eight years to develop.

Initiation of the third-generation NHI plan started last month said Lin, who was replaced on February 3, but he said his successor, former deputy health minister Chen Shih-chung, has already been informed about the ongoing plans.

Even though the country’s health ministry has a safety reserve of NT$230 billion (US$7.4 billion) that could keep the NHI afloat until 2020, adjustments in premium rates will extend the health insurance’s coverage and operations.

Taiwan’s NHI premium was lowered from 4.91% to 4.69% in 2016 and subsequently the supplementary premium was lowered to 1.91%.

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