Govt. Defends Voluntary Health Insurance Scheme

"); jQuery("#212 h3").html("

"); });
2018-03-03 HKT 14:05
The Health Secretary, Sophia Chan, on Saturday played down concerns that the government's Voluntary Health Insurance Scheme (VHIS) will not provide the comprehensive chronic illness coverage that was originally envisaged.
The administration hopes the new scheme, which has been in the pipeline for a decade, can ease the pressure on the public healthcare system.
Last Wednesday, the Financial Secretary, Paul Chan, offered a tax break in his budget to encourage enrolment.
Sophia Chan said the scheme was still attractive.
"As far as the chronic illness people are concerned, some of the protection measures provided by VHIS include chemotherapy for cancer patients and some of the very important investigations and also hospitalisation", she said.
"I think that can partly address the issue of chronic illness. Of course, the public [healthcare] service is always here as a safety net for the people of Hong Kong", Sophia Chan added.
Airwallex Yield Service Goes Live In Hong Kong
Airwallex has officially launched Airwallex Yield in Hong Kong on 18 June 2025, which it advertises to offer businesses... Read more
Alipay And Rokid Launch AR Glasses Payment Function For In-Store Payments In China
Rokid has launched its latest augmented reality device, Rokid Glasses. In China, the Rokid AR payment glasses support i... Read more
InvestHKs Gulf Cooperation Council Fintech Visit Spurs Strategic Partnerships
Invest Hong Kong (InvestHK) reinforced its role as a global business hub through a strategic visit to the Gulf Cooperat... Read more
Can Crypto Firms Catch Up On Compliance Gaps As Regulations Evolve?
As crypto adoption accelerates, regulators are ramping up enforcement of the Financial Action Task Force’s (FATF) Tra... Read more
OneDegree Eyes Global Growth With Middle East, Europe And Africa Next
Hong Kong virtual insurer OneDegree has made significant progress in the Middle East, securing 20 contracts since enter... Read more
IFAST Introduces Bondsupermart Live With Stock-like Trading Experience For Bond Investors
To address structural inefficiencies in bond markets, iFAST introduced Bondsupermart Live, a digital bond trading servi... Read more