Soaring cost of health insurance a threat to job creation in UAE
April 24, 2016The soaring cost of health insurance is crippling employers and threatening job creation and salary levels, a new study suggests.The overall cost of premiums rose from Dh9.9 billion in 2013 to Dh11.1bn in 2014, an increase of more than 12 per cent, according to the Insurance Authority.
The cost of premiums is also outstripping the cost of healthcare itself, which is estimated to have risen by about 9 per cent a year between 2008 and 2013."This is an increasingly serious concern to employers as a growing proportion of the total cost of employment," says the study, carried out by the research company YouGov for International SOS, a medical and travel security risk services company.