Health Insurance Development

Running head: HEALTH INSURANCE DEVELOPMENT
HEALTH INSURANCE DEVELOPMENT
Name of the Student:
Name of the University:
Author note:

1HEALTH INSURANCE DEVELOPMENT
In Saudi Arabia, the demand of healthcare initiative is increasing day by day thus
triggering the demographic shift to grow continuously with an increased demand of coverage
in health insurance. Inspecting the Saudi Arabian healthcare arcade, the number of
opportunities for both the existing investors or operator and the new entrants are increasing to
unlock the crucial growth prospective by fulfilling the present and future breaches. The
primary opportunity of health insurance in Saudi Arabia is development of privatization of all
public hospitals. Various researchers and policy-makers are involved in this development
highlighting a perspective to reorganise the healthcare system of Saudi Arabia (Aljaffary,
2018). The other opportunity of implementing health insurance in Saudi Arabia is in
enhancing or increasing the accessibility and availability of different health care services. In
order to meet up with the challenges of heath care system in Saudi Arabia, a national strategy
named MOH was set up in healthcare services and was approved by the in April 2009 by the
Council of Ministers that will primarily focus on expanding funding sources (who.int, 2019).
The major challenges that can rise in the future of Saudi Arabia includes prolong
waiting time, prompt increase in expenses, adaption of digital transformation, restructuring,
shortage of skilled healthcare resources, hurdle in public health management and loss of
balance in insurance sectors (Abaker et al., 2019). These operational challenges might limit
the quickness and delay the necessary changes that is required to manage the existing
healthcare problems.
The development of health insurance in Saudi Arabia has a positive impact on the
country with the primary focus on the area of National Transformation Plan (NTP) and vision
2030. The chief objective of Saudi Vision 2030 was recommended to expand the budget
excluding hydrocarbons and activate a better contribution of the remote or private division by
boosting both international and local investments in different key sectors (Alsayyari et al.,
2018). One of the different key sectors is healthcare. Saudi vision 2030 includes the concept