To improve the basic plan and make sure everyone can afford it, we have to change the way we pay for healthcare. This is health financing reform. Bermuda presently has a ‘multi-payer’ system with 4 separate health insurers and 3 large, employer-based schemes. This has a lot of duplication and inefficiency. To turn our expensive system into a lean, efficient system the Government will establish a single payer for the basic health insurance plan.
The Ministry of Health is consulting to develop a Roadmap on how to convert our present system into a single payer system.
Additional benefits should still be available through multiple private insurers and employers.
The aim is to develop a Roadmap to transition from this: