Travel Insurances: YES to Competition

In Costa Rica, the Commission to Promote Competition stated that they do not agree with any type of exclusivity in the emergency medical insurance market for inbound tourism.

Tuesday, April 20, 2021

The Commission recommends not to allow initiatives that establish as a mandatory requirement for travelers, a medical insurance for inbound tourism, as it could detract from the country's competitiveness and increase the cost of traveling to Costa Rica.

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From Coprocom's statement:

April 19, 2021. The Commission to Promote Competition (Coprocom), emphasizes the importance of the Government of the Republic to promote competition in the market of emergency medical insurance for inbound tourism and recommends not to allow initiatives that establish as a mandatory requirement for travelers, a medical insurance for inbound tourism, as it could reduce the competitiveness of the country and increase the costs of traveling to Costa Rica.

Additionally, it is warned that the establishment of exclusivity in the provision of such insurance would place at a disadvantage and limit the participation of national and international insurance companies, which also offer medical insurance for tourists.

The purpose of competition policies is to ensure that markets function efficiently and correct their failures, not to introduce advantages or privileges to one group to the detriment of consumers by limiting their possibilities of choosing suitable and affordable options.

Any proposal that establishes this obligation for the tourist, contravenes competition regulations, as well as the Insurance Market Regulatory Law.

Coprocom does not agree with any type of exclusivity in the emergency medical insurance market for inbound tourism.

The traveler should be free to opt for a medical insurance issued by any insurer, forcing him/her to purchase another insurance would limit the consumer's freedom of choice and would impose an additional cost.

Coprocom recognizes and respects the power of the State to establish the necessary coverage for the protection of the citizens in terms of health, but does not agree with limiting the offer of insurance policies of national or foreign companies that comply with the requirements demanded by the health authorities.

This Committee considers that the Executive Branch, when establishing regulations and requirements, must ensure equal treatment for all economic agents, both public and private, without granting advantages to certain companies.



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