MONTREAL, Jan. 19, 2023 /CNW Telbec/ – Permitting insurers to supply so-called duplicate medical insurance insurance policies to their Quebec shoppers would assist scale back wait instances, in line with a brand new research revealed by the Montreal Financial Institute this morning.

“Authorizing duplicate medical insurance insurance policies would assist make personal care extra accessible to a a lot bigger share of the inhabitants,” says Maria Lily Shaw, affiliate researcher on the MEI and the research’s creator. “As a substitute of being accessible solely to those that can afford to pay out of pocket, personal care might be accessible to the center class.”

A replica insurance coverage coverage permits folks to be lined in the event that they get handled within the personal sector for care that’s already lined by the governmental medical insurance plan. At the moment, six Canadian provinces—together with Quebec—ban this follow.

As for Saskatchewan, New Brunswick, Nova Scotia, and Newfoundland and Labrador, which in concept enable duplicate medical insurance, no market has developed in these provinces. The researcher attributes this to sure regulatory necessities stopping things like blended follow, in addition to to their small populations.

International locations like Australia, Sweden, and the United Kingdom enable the usage of duplicate insurance coverage with a purpose to scale back bottlenecks of their common programs.

The researcher seems to be specifically on the Australian instance, the place almost 45% of the inhabitants has duplicate insurance coverage. Notably, she cites a research revealed within the Australian Well being Evaluate displaying that round 15% of Australian sufferers had been redirected from the general public to the personal sector due to their duplicate insurance coverage. This helps unclog the general public well being care system.

“It is no secret: Our well being care system is not reducing it, with sufferers languishing months, and even years, on ready lists earlier than receiving the remedy they want,” says Ms. Shaw. “Permitting insurers to supply duplicate medical insurance could be an actual blessing to the 159,000 Quebecers ready for surgical procedure.”

The MEI research is offered right here: https://www.iedm.org/wp-content/uploads/2023/01/note022023_en.pdf.

The Montreal Financial Institute is an impartial public coverage assume tank. Via its publications, media appearances, and advisory providers to policy-makers, the MEI stimulates public coverage debate and reforms based mostly on sound economics and entrepreneurship.

SOURCE Montreal Financial Institute

Authorizing duplicate medical insurance would assist scale back wait instances

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