{"id":637288,"date":"2017-11-13T04:11:57","date_gmt":"2017-11-13T04:11:57","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/13\/counting-the-cost-of-the-universal-healthcare-act\/"},"modified":"2017-11-13T04:11:57","modified_gmt":"2017-11-13T04:11:57","slug":"counting-the-cost-of-the-universal-healthcare-act","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/13\/counting-the-cost-of-the-universal-healthcare-act\/","title":{"rendered":"Counting the cost of the Universal Healthcare Act"},"content":{"rendered":"

<\/a> The Universal Healthcare Act will cost EGP 600 bn to fully implement<\/strong>, said Vice Minister of Finance Mohamed Maait in an interview with Al Ahram<\/a> on the new bill. The state will cover healthcare of citizens who will be unable to pay premiums into the system to the tune of EGP 200 bn, he added. The state will essentially pay the equivalent of 5% of the standard minimum wage to cover healthcare for each person who cannot afford to pay a premium into the system. This value will increase 7% annually, he added. The bill will set premiums for employers of 4% of each employee\u2019s monthly salary.<\/strong> Employees will pay premiums of only 1% of their salary into the system. The state will deduct 3% of the cost of covering a breadwinner\u2019s spouse and 1% for each child, Maait said. The state will also partially fund the system by allocating 10% of the sin tax on tobacco, Maait said, according to Al Borsa<\/a>. The House of Representatives\u2019 Healthcare Committee began a contentious debate<\/a> on the act yesterday.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Universal Healthcare Act will cost EGP 600 bn to fully implement, said Vice Minister of Finance Mohamed Maait in an interview with Al Ahram on the new bill. The state will cover healthcare of citizens who will be unable to pay premiums into the system to the tune of EGP 200 bn, he added. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-637288","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"96212cf8-9c52-47d1-b845-f4dca2558029","order":"0","is_powered_by":true,"section_story_id":"0af2e246-e32d-41ff-8c97-21bdd99fc75a","story_type":"1","photo_url":"","photo_position":"above","related_issue":[637279],"teaser":"","voice_url":""},"yoast_head":"\nCounting the cost of the Universal Healthcare Act - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/13\/counting-the-cost-of-the-universal-healthcare-act\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Counting the cost of the Universal Healthcare Act\" \/>\n<meta property=\"og:description\" content=\"The Universal Healthcare Act will cost EGP 600 bn to fully implement, said Vice Minister of Finance Mohamed Maait in an interview with Al Ahram on the new bill. The state will cover healthcare of citizens who will be unable to pay premiums into the system to the tune of EGP 200 bn, he added. 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The decision came after a hearing on the bill\u2019s budget\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":636014,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/19\/universal-healthcare-act-passes-the-house\/","url_meta":{"origin":637288,"position":1},"title":"Universal Healthcare Act passes the House","author":"enterpriseam admin","date":"19 December 2017","format":false,"excerpt":"LEGISLATION WATCH- The House of Representatives passed yesterday the Universal Healthcare Act, the government\u2019s EGP 600 bn health coverage plan and a key piece of social policy for the Ismail cabinet. A plenary session of the House on Monday completed voting on the bill, which largely remained intact. Debate had\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":621550,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/12\/we-break-down-the-taxes-under-the-universal-healthcare-act-and-their-timings\/","url_meta":{"origin":637288,"position":2},"title":"We break down the taxes under the Universal Healthcare Act and their timings","author":"enterpriseam admin","date":"12 November 2018","format":false,"excerpt":"EXCLUSIVE- What you\u2019re going to pay under the new Universal Healthcare Act\u2014 and when you\u2019re going to pay it: While the state\u2019s EGP 600 bn health insurance plan mandated under the Universal Healthcare Act will be rolled out incrementally throughout Egypt over the course of 11-13 years, the Finance Ministry\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":634476,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/16\/el-sisi-signs-into-law-the-universal-healthcare-act\/","url_meta":{"origin":637288,"position":3},"title":"El Sisi signs into law the Universal Healthcare Act","author":"enterpriseam admin","date":"16 January 2018","format":false,"excerpt":"President Abdel Fattah El Sisi signed into law on Monday the Universal Healthcare Act, the government\u2019s EGP 600 bn health coverage plan and a key piece of social policy for the Ismail cabinet. The bill will set premiums for employers of 4% of each employee\u2019s monthly salary, while employees will\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":636136,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/21\/universal-healthcare-act-will-run-the-state-egp-9-bn-in-its-first-year\/","url_meta":{"origin":637288,"position":4},"title":"Universal Healthcare Act will run the state EGP 9 bn in its first year","author":"enterpriseam admin","date":"21 December 2017","format":false,"excerpt":"The Universal Healthcare Act will cost the state EGP 9 bn in the first year of implementation, said Vice Minister of Finance Mohamed Maait in a press conference on the law on Wednesday, Al Borsa reports. 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