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Insurance Companies Struggling as Healthcare Costs Rise in Lebanon

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Health insurance companies in Lebanon saw their profits in 2017 shrink by 27 percent to $15.6 million, due to the rising cost of medical care and the nonrenewal of contracts by many customers. According to the Insurance Control Commission, the total net profits of insurers’ health insurance branches in Lebanon reached $15.6m in 2017, constituting a decline of 27 percent from $21.3 million in 2016.

The medical insurance segment posted a net profit margin of 3.5 percent in 2017 compared to 4.6 percent in 2016. (Shutterstock)

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