“For the 190,000 expat state pensioners who have chosen to live in the EU and those intending to retire to the EU, it will help by safeguarding reciprocal healthcare if there is no EU deal,” announced the government.
Baron O’Shaughnessy, Parliamentary Under Secretary of State at the Department of Health and Social Care commented, “Whether on holiday, working or retiring abroad, British people want to know they can access the same high quality healthcare that they enjoy in the NHS.
“This bill will allow us to implement new healthcare arrangements with other countries – in the EU and elsewhere – so that UK citizens can travel with confidence.”
Furthermore, the government has also reassured expats that it expects the existing EHIC scheme will survive “subject to an agreement with the EU”.
The bill was brought to parliament by Health Minister Jackie Doyle-Price. It lays the “legal basis to fund and implement reciprocal healthcare schemes and share necessary data after we leave the EU”.
Although the move has been criticised by some, it is undoubtedly a positive move as it represents an important contingency in the event of a no-deal.
Blacktower, expat financial services
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This communication is for informational purposes only and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.
The later part of the 20th century saw its fair share of financial bubbles. There was the property bubble, stock market bubbles, and then the dot com bubble of 2000, just to name a few. In each instance, people paid exorbitant amounts for things that shouldn’t have been worth anything like the going price. But this is nothing new – look back at the Dutch in the 17th century when already pricey tulip bulbs experienced a twentyfold price explosion in just a single month.