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Bahamas Insurance Association responds to Minister Gibson
By Bahamas Insurance Association via Media Enterprises
May 27, 2015 - 11:17:43 AM

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(Statement) Labour Minister Shane Gibson’s recent attempt to bash the private sector for its good-faith effort to contribute to the achievement of universal health coverage was both unhelpful and unfriendly.

On top of that, his comments are just plain wrong - and he should be in a position to know better. The insurance industry believes, as do many others, that universal health coverage is a necessity and Bahamians should not have to suffer financial hardship to pay for healthcare.

The question for us is not ‘if' universal healthcare should be implemented, the question is ‘how'. The smart thing to do would be to work together to develop the best, most affordable, and least disruptive plan to achieve that goal.

Our industry wants to be at the table engaging in real consultation, but we have had no substantive communication from the government in 10 months - despite the fact that we have the actuarial expertise and administrative experience to play a key role in the implementation of National Health Insurance (NHI).

Minister Gibson sought to demonise the private sector by alleging that "people with money” were resistant to any change that “interfered with their profits”. He also said that what may have been effective a century ago wouldn’t continue to be so in today’s world.

This is old hat political theatre. The very nature of our business demands that we adapt to change in order to survive. As insurers, we are well aware that universal health coverage will bring about necessary change to our business models and operations. Our point is that we ought to work together to ensure the best outcome and avoid economic disruption.

In this regard, Minister Gibson claimed that the government was in the process of getting feedback from all stakeholders, and was already in communication with insurance companies, who were "at the table now.”

We are not sure what table he is referring to. The BIA has been invited to hear the presentations of foreign consultants on the way NHI should be implemented. But neither they, nor the government, are listening to our concerns and proposals. As Bahamian employers, taxpayers, professionals and good corporate citizens, we deserve better treatment.

The BIA was not at first a part of the original, but now defunct, NHI Advisory Committee. We had to ask the Minister of Health to be included. That was in June 2014. In August 2014, we wrote to the NHI Advisory Committee and NHI Implementation Team expressing our concerns and seeking dialogue. We have not received any response to that correspondence.

In November 2014, the heads of all major health insurers and the chairman of the BIA wrote to the prime minister offering our support and asking to meet with him to discuss the implementation of NHI. After weeks of follow-up, we were able to extract a one-paragraph note from the Office of the Prime Minister stating that our letter had been forwarded to relevant agencies.

We challenge Minister Gibson to produce any substantive communications from the government to the BIA in response to our legitimate concerns and recommendations.

At the same time, we renew our call to the government to begin a genuine process of direct engagement and dialogue with the private sector so that we can begin to work together to better serve our people. In this regard, we restate our position that a government-run insurance company makes no economic sense.

We have presented the government with the framework of an alternative approach, as contained in the BIA's position paper on universal health coverage. Real consultation involves the sharing of ideas and views to arrive at the best possible solution. Exploration of different perspectives and capacities can only enhance the process.

The BIA is on record supporting the concept of universal health coverage. We note that this government has been a proponent of public-private partnerships and we remain optimistic that this pragmatic approach will be adopted in the case of NHI.

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