koreaherald.com (11.04.2020) Foreign subscribers of South Korea’s national health insurance are eligible for premium assistance in a COVID-19 bailout, the state health care service said Saturday. From July 16, 2019, foreign residents staying over six months are required to enroll in the national health insurance plan. Previously, the subscription was optional for those staying longer than three months. As of last year, the number of foreign subscribers to the national health insurance plan reached 1,212,475.

koreaherald.com (11.03.2020) The National Health Insurance Service said the lower 20 percent of the income bracket will receive about 30 to 50 percent reduction in premiums from March through May. For the worst-affected Daegu and North Gyeongsang Province’s Gyeongsan, Cheongdo and Bonghwa, the bottom half of income earners will be given the partial premium waivers. The lowered payments are a part of Korea’s disaster relief subsidy plan announced March 30 to cushion financial blow from the outbreak for the financially vulnerable.

oecd.org (16.04.2020) Provision of a subsidy to individuals who need to be isolated (both self-isolation and hospitalisation) to support their living costs and penalises those who are suspected to be infected if they refuse to receive diagnostic test or subsequent treatment or go through self-isolation.

oecd.org and mhis.or.kr (02.02.2020) Korea provides tests and subsequent treatment free of charge to patients and the cost is covered by central and local governments and the health insurance public corporation (the National Health Insurance covers 80% and the central government the remaining 20%).

P4H Network (05.08.2020) Governments can indeed be very creative in designing schemes for supporting private business: postponing tax collection, reshaping accounting rules, subsiding or tax-exonerating some costs, etc. These schemes and solutions are not developed for the health sector, some could be more favorable to the latter than others.

IMF (26.08.2020) In response to the COVID-19 pandemic, many countries have created dedicated extrabudgetary funds (EBFs) to mobilize resources and streamline emergency spending measures. A recently published IMF Note discusses the role these funds can play in the current crisis. The note examines the motivation for setting up EBFs and describes a database of more than 40 funds worldwide compiled by the World Health Organization (WHO).