Universal Healthcare Act to cost state coffers EGP 130 bn in FY2017-18

The proposed Universal Healthcare Act will cost state coffers EGP 130 bn to implement in FY2017-18 if it should pass, according to government actuarial studies, Al Borsa reported on Wednesday. The bill is by to come up for cabinet review by the end of August and should be before the House when MPs reconvene this fall. We had previously noted that the act will be implemented first in canal governorates Suez, Ismailia, and Port Said.