The Securities and Exchange Commission of Pakistan has released a report, “Healthcare Ecosystem in Pakistan,” assessing the country’s healthcare ecosystem with a particular focus on the role of health insurance, market stakeholders, and the challenges affecting healthcare delivery and health insurance expansion. The report highlights that Pakistan’s out-of-pocket healthcare spending is 47% of total health expenditure, exceeding Sri Lanka (40%), Malaysia (38%), and China and Indonesia (33%). Linked to the SECP’s five-year strategy “Journey to an Insured Pakistan,” launched in December 2023, it identifies sector bottlenecks and sets out a reform roadmap covering product innovation and inclusivity, conduct and administration, pricing and underwriting, oversight and monitoring, and development of a value-based health insurance ecosystem with greater private-sector participation. The SECP Chairperson underscored the need to integrate primary healthcare with universal health coverage through combined public and private sector participation, while the Commissioner Insurance called for a holistic national strategy with ownership across stakeholders.
Securities and Exchange Commission of Pakistan publishes healthcare ecosystem report outlining roadmap for health insurance sector development
The Securities and Exchange Commission of Pakistan released a report on the healthcare ecosystem, emphasizing health insurance's role and challenges in delivery. Linked to the SECP's "Journey to an Insured Pakistan" strategy, it outlines a reform roadmap addressing product innovation, inclusivity, and private-sector participation, stressing integrating primary healthcare with universal coverage through public-private collaboration.