The government accredits the Dubai Health Authority (DHA). The main objective of DHA is to manage and regulate the healthcare sector in Dubai. Another critical role of DHA is to control health insurance dubai policies and packages in the Emirates. The UAE government has established the DHA to enhance the healthcare sector and provide patient-centric services.
The DHA also plays a crucial role in setting standards in the health insurance domain. For instance, the Essential Benefits Plan has been established by the DHA. It should be offered by all employers in Dubai. But most people often ask about how DHA earns profits. Here are some essential aspects to know whether or not the DHA earns profits.
The Role of DHA in Health Insurance
The DHA indirectly sets rules and regulations on the maximum coverage and benefits that must be included. It is always recommended to go for standard packages that provide varying levels of coverage. Based on the DHA guidelines, insurers cannot overcharge their customers. This government-accredited agency is also responsible for reviewing and approving the policy rates and coverage details.
Does the DHA Earn Profit from Insurance Packages?
The DHA’s regularity guidelines and involvement in health insurance can make you wonder if it earns profits. But note that DHA doesn’t earn direct profits from the health insurance packages. The premiums of the health insurance policies are used to pay for the claims made by those insured. The remaining amount is the profit of the insurance agency. DHA doesn’t directly earn this profit.
How Does the DHA Collect Revenue?
There are various ways in which the DHA collects revenue. For instance, it has licensing fees to earn profits. It accounts for a portion of the revenue of the DHA. On the other hand, the DHA often levies fines against insurers who fail to comply with its guidelines.
Not meeting the requirements related to minimum coverage is a severe offense. The mandatory health insurance policies for residents in Dubai also make the DHA earn profits. Therefore, it is pretty evident that the DHA doesn’t earn direct profits. It amasses profits indirectly from fines and licensing fees.
The Importance of DHA in Dubai’s Healthcare System
DHA aims to bring high-quality healthcare facilities to Dubai. It has been successful in its endeavor to make Dubai’s healthcare system patient-centric. While the DHA doesn’t earn direct profits from insurance policies, its management of the healthcare sector offers several benefits. For instance, the DHA is responsible for ensuring minimum standards and coverage for all its workers and residents in Dubai.
As a regulatory body, the DHA is associated with public and private hospitals in Dubai. The Dubai Health Authority has implemented numerous regulations to make healthcare services accessible. Medical practitioners who want to work in Dubai must appear for a licensing exam. You will get the work license after successfully passing the assessment examination.
So, the DHA doesn’t earn direct profits from the insurance packages. However, it plays a regulatory role in managing Dubai’s healthcare system. If you want to apply for Dubai’s best health insurance plans, visit InsuranceHub. It is the best portal to compare insurance policies in the UAE. The portal has skilled advisors who will guide you through applying for medical insurance in Dubai.