Wilson: insurance changes will save money
The Bermuda Government's processing of insurance is to become more efficient, according to health minister Kim Wilson, with the approval of the Health Insurance Amendment Bill 2018.
Ms Wilson told MPs that the legislation would “merge the Health Insurance Fund with the fund for FutureCare into a single fund”.
Policyholders would not be affected, she added — as both would be preserved as distinct plans.
Government savings would be realised in “staff time used to manage two separate accounts”, Ms Wilson said.
Susan Jackson, the shadow minister, signalled the Opposition's support.
She said: “It's a good thing when we are able to co-ordinate our efforts.”