Madhana takes bids as goverment backs away from profit

National health insurance program Madhana will be privatised under a Public-Private Partnership to prevent “unwise” government control of a profitable business, said President Mohamed Nasheed.

The president said all citizens would be included in the insurance program by next January as long as Parliament passes the relevant Tax and Business Profit Tax bills.

An estimated Rf850 million will be spend on insuring the Maldives’ entire population. The government hopes to sign an agreement with Islamic Development Bank (IDB) in November, which would provide a US$258 million loan towards developing health services in Addu City, reports Haveeru.

The Madhana program will be handed over once proposals from local and foreign companies have been received and reviewed.