Explore Options for the Future Operation and Funding of CINICO

Project Updates as at 31 May 2017

Status: Paused – Conceptualisation

  • The project has delivered a Strategic Assessment, which was approved by Cabinet on 26 September 2016. Subsequently, following consideration by Caucus in September 2016, the project was paused by Cabinet in February 2017, to align the project with the related work on cost sharing with civil servants and the broader transformation of health care.

Project Updates as at 30 November, 2016

Status: Business Planning

A Strategic Assessment has been completed and approved. This project has now been paused to align the project with the related work on cost sharing with civil servants and the broader transformation of healthcare.


Project Updates as at 25 May, 2016

Related EY Recommendations:

3.1 – Enter in JV with a private firm to allow CINICO to become more commercial with the ultimate aim of moving CINICO into the private sector
3.2 – Pooling of risks across the health insurance market
3.3 – Introduce the concept of co-pay and deductibles

PROJECTS ASSIGNED TO: MINISTRY OF FINANCE AND ECONOMIC DEVELOPMENT

Minister: Hon. Marco Archer

Project Sponsor: Mr. Ken Jefferson, Chief Officer

Overview (taken from Cabinet’s Project Future Programme Brief): This project will review the operation of CINICO in the context of the wider health insurance market and consider the best means of providing health insurance to civil servants, seafarers and veterans. The project will also examine the scope for CINICO to diversify its range of products. Related to the wider health transformation project, it will explore the most appropriate relationship between CINICO and the HSA, both from a Government and a customer viewpoint..

Status: Not yet progressed.

Ministry/Portfolio Update:

  • As per agreed timelines, a Strategic Assessment is currently scheduled to be delivered by 31 July, 2016.