• About
  • Submit Article/PR
  • Contact
Monday, June 2, 2025
No Result
View All Result
  • Login
The Healthcare Daily
WHO COVID DASHBOARD
  • Home
  • News
    • All
    • Biotech
    • By Speciality
    • Generic Drugs
    • Insurance
    • Investment
    • Medical Tourism
    • Pharma
    Ixchiq-the-Chikungunya-Vaccine-Receives-FDA-Approval-thehealthcaredaily

    Ixchiq, the Chikungunya Vaccine, Receives FDA Approval!

    WHO-Emergency-Meeting-Scheduled-Amidst-Gaza-and-West-Bank-Health-Crisis-thehealthcaredaily

    WHO Emergency Meeting Scheduled Amidst Gaza and West Bank Health Crisis

    Controversy-Surrounds-NMC's-Logo-Featuring-Hindu-Deity-thehealthcaredaily

    Controversy Surrounds NMC’s Logo Featuring Hindu Deity

    Bollywood-Star-Ranveer-Singh-Bold-Step-Into-Sexual-Health-Advocacy-thehealthcaredaily

    Bollywood Star Ranveer Singh’s Bold Step Into Sexual Health Advocacy

    Said-Pneumonia-Outbreak-in-China-Prompts-Concerns-Among-Indian-States-thehealthcaredaily

    Said Pneumonia Outbreak in China Prompts Concerns in Indian States

    World-AIDS-Day-2023-Communities-Commended-for-Pioneering-Efforts-in-HIV-Response-thehealthcaredaily

    World AIDS Day 2023: Communities Commended for Pioneering Efforts in HIV Response

    Health-Community-Raises-Urgent-Climate-Change-and-Health-Concerns-Ahead-of-COP28-thehealthcaredaily

    Health Community Raises Urgent Climate Change and Health Concerns Ahead of COP28

    Indian-Health-Ministry-Urge- Vigilance-as-Respiratory-Illness-Clusters-Emerge-thehealthcaredaily

    Indian Health Ministry Urges Vigilance as Respiratory Illness Clusters Emerge in China

    Health-Crisis-in-Gaza-Continue-sWHO's-High-Risk-Evacuation-Mission-thehealthcaredaily

    Health Crisis in Gaza Continues, WHO’s High-Risk Evacuation Mission

  • Insights
    • All
    • Analysis
    • Interview
    • Opinion
    • Reports
    Gynecomastia

    Gynecomastia: Balancing Act – Dangers, Benefits, and Decision-Making

    Inspiring Journeys to Health and Wellness

    Medical Tourism Success Stories: Inspiring Journeys to Health and Wellness

    Wellness Tourism: Understanding Its Mind-Boggling Significance in Your Life

    World-AIDS-Day-2023-Communities-Commended-for-Pioneering-Efforts-in-HIV-Response-thehealthcaredaily

    World AIDS Day 2023: Communities Commended for Pioneering Efforts in HIV Response

    Understanding-Allergies-Identifying-Triggers-and-Seeking-Effective-Treatments-thehealthcaredaily

    Allergies Insight: Identifying Triggers and Pursuing Effective Remedial Measures

    Exploring-Women's-Reproductive-Right-A-Fundamental-Introduction-thehealthcaredaily

    Exploring Women’s Reproductive Rights: A Fundamental Introduction

    Managing Autoimmune Disorders: Lifestyle and Diet Strategies

    Understanding Celiac Disease: Symptoms, Causes, and Diagnosis

    Understanding-Multiple-Sclerosis-Symptoms-Causes,-and-Treatments-thehealthcaredaily

    Understanding Multiple Sclerosis: Symptoms, Causes, and Treatments

  • HealthTech
    • All
    • Hardware
    • Innovation
    • Software
    Augmenting Humanity

    Navigating the Ethical Frontiers of Technological Enhancement – Augmenting Humanity

    Leading Healthcare Cybersecurity Firms: The Best 5

    AI-Powered Diagnostics: Revolutionizing Healthcare with Speed and Precision

    Aidoc Secures $30 Million Funding to Revolutionize AI Imaging

    Telemedicine-in-Healthcare-2023-An-Evaluation-of-Its-Advantages-and-Disadvantages-thehealthcaredaily

    Telemedicine in Healthcare: An Evaluation of Its Advantages and Disadvantages

    A Journey into the Brain: Exploring the Wonders of Deep Brain Stimulation

    Everything-about-Personalized-Medicine-in-2023-Healthcare-Daily

    The Promise of Personalized Medicine: Unlocking a Better Future of Medicine

    10-Most-Promising-Breakthroughs-in-Medical-Research-Thehealthcaredaily

    10 Most Promising Breakthroughs in Medical Research

    Overview-of-healthcare-hackathons-and-competitions-focused-on-healthcare-innovation-thehealthcaredaily

    Overview of healthcare hackathons and competitions focused on healthcare innovation

  • Pharma
  • Events
  • NewsMakers
  • World
  • Home
  • News
    • All
    • Biotech
    • By Speciality
    • Generic Drugs
    • Insurance
    • Investment
    • Medical Tourism
    • Pharma
    Ixchiq-the-Chikungunya-Vaccine-Receives-FDA-Approval-thehealthcaredaily

    Ixchiq, the Chikungunya Vaccine, Receives FDA Approval!

    WHO-Emergency-Meeting-Scheduled-Amidst-Gaza-and-West-Bank-Health-Crisis-thehealthcaredaily

    WHO Emergency Meeting Scheduled Amidst Gaza and West Bank Health Crisis

    Controversy-Surrounds-NMC's-Logo-Featuring-Hindu-Deity-thehealthcaredaily

    Controversy Surrounds NMC’s Logo Featuring Hindu Deity

    Bollywood-Star-Ranveer-Singh-Bold-Step-Into-Sexual-Health-Advocacy-thehealthcaredaily

    Bollywood Star Ranveer Singh’s Bold Step Into Sexual Health Advocacy

    Said-Pneumonia-Outbreak-in-China-Prompts-Concerns-Among-Indian-States-thehealthcaredaily

    Said Pneumonia Outbreak in China Prompts Concerns in Indian States

    World-AIDS-Day-2023-Communities-Commended-for-Pioneering-Efforts-in-HIV-Response-thehealthcaredaily

    World AIDS Day 2023: Communities Commended for Pioneering Efforts in HIV Response

    Health-Community-Raises-Urgent-Climate-Change-and-Health-Concerns-Ahead-of-COP28-thehealthcaredaily

    Health Community Raises Urgent Climate Change and Health Concerns Ahead of COP28

    Indian-Health-Ministry-Urge- Vigilance-as-Respiratory-Illness-Clusters-Emerge-thehealthcaredaily

    Indian Health Ministry Urges Vigilance as Respiratory Illness Clusters Emerge in China

    Health-Crisis-in-Gaza-Continue-sWHO's-High-Risk-Evacuation-Mission-thehealthcaredaily

    Health Crisis in Gaza Continues, WHO’s High-Risk Evacuation Mission

  • Insights
    • All
    • Analysis
    • Interview
    • Opinion
    • Reports
    Gynecomastia

    Gynecomastia: Balancing Act – Dangers, Benefits, and Decision-Making

    Inspiring Journeys to Health and Wellness

    Medical Tourism Success Stories: Inspiring Journeys to Health and Wellness

    Wellness Tourism: Understanding Its Mind-Boggling Significance in Your Life

    World-AIDS-Day-2023-Communities-Commended-for-Pioneering-Efforts-in-HIV-Response-thehealthcaredaily

    World AIDS Day 2023: Communities Commended for Pioneering Efforts in HIV Response

    Understanding-Allergies-Identifying-Triggers-and-Seeking-Effective-Treatments-thehealthcaredaily

    Allergies Insight: Identifying Triggers and Pursuing Effective Remedial Measures

    Exploring-Women's-Reproductive-Right-A-Fundamental-Introduction-thehealthcaredaily

    Exploring Women’s Reproductive Rights: A Fundamental Introduction

    Managing Autoimmune Disorders: Lifestyle and Diet Strategies

    Understanding Celiac Disease: Symptoms, Causes, and Diagnosis

    Understanding-Multiple-Sclerosis-Symptoms-Causes,-and-Treatments-thehealthcaredaily

    Understanding Multiple Sclerosis: Symptoms, Causes, and Treatments

  • HealthTech
    • All
    • Hardware
    • Innovation
    • Software
    Augmenting Humanity

    Navigating the Ethical Frontiers of Technological Enhancement – Augmenting Humanity

    Leading Healthcare Cybersecurity Firms: The Best 5

    AI-Powered Diagnostics: Revolutionizing Healthcare with Speed and Precision

    Aidoc Secures $30 Million Funding to Revolutionize AI Imaging

    Telemedicine-in-Healthcare-2023-An-Evaluation-of-Its-Advantages-and-Disadvantages-thehealthcaredaily

    Telemedicine in Healthcare: An Evaluation of Its Advantages and Disadvantages

    A Journey into the Brain: Exploring the Wonders of Deep Brain Stimulation

    Everything-about-Personalized-Medicine-in-2023-Healthcare-Daily

    The Promise of Personalized Medicine: Unlocking a Better Future of Medicine

    10-Most-Promising-Breakthroughs-in-Medical-Research-Thehealthcaredaily

    10 Most Promising Breakthroughs in Medical Research

    Overview-of-healthcare-hackathons-and-competitions-focused-on-healthcare-innovation-thehealthcaredaily

    Overview of healthcare hackathons and competitions focused on healthcare innovation

  • Pharma
  • Events
  • NewsMakers
  • World
No Result
View All Result
The Healthcare Daily
No Result
View All Result
Home WHO

World Health Organization comes up with special COVID-19 vaccine insurance scheme for developing nations

The scheme promises to cover the cost of any claims brought by patients in low-income countries lest the COVAX-distributed vaccine proves to be ineffective after it is administered.

by Admin
October 31, 2020
in WHO, Covid-19, Health, Insights, News, Vaccine, World
Reading Time: 2 mins read
0
World Health Organization comes up with special COVID-19 vaccine insurance scheme for developing nations
0
SHARES
Share on FacebookShare on Twitter
  • WHO-led vaccine insurance scheme promises to cover claims of patients in case the vaccine causes any side-effect.
  • COVAX is planning to distribute 2 billion potential vaccine shots by the end of 2021
  • WHO has said that a fully tested Covid vaccine would be out soon enough.

THD NewsDesk, Brussels: Aiming to achieve global cooperation to tackle the pandemic, the World Health Organization is preparing to establish a compensation fund specifically for economically weaker nations. The fund aims to aid countries who might suffer any side-effects from COVID-19 vaccines. Striving to prevent delays in delivering vaccines in low-income countries, the scheme plans to ensure an unhindered global rollout of shots. 

Led by WHO and GAVI, a global vaccine alliance, the COVAX vaccine facility is working to distribute 2 billion effective shots across the world by the end of 2021. According to COVAX documents published on October 29, the initiative offers to foot the bill for 92 low-income countries across the African and Asian continent. 

However, no proper justification has been provided for excluding middle-income countries such as South Africa, Lebanon, Gabon, Iran, and most Latin American countries from the scheme. 

“The COVAX Facility is developing a system to provide compensation to those individuals in any of the 92 economies … that suffer unexpected SAEs (serious adverse events) associated with such vaccines or their administration,” COVAX said.

The vaccine insurance scheme promises to cover the cost of any claims brought by patients in these countries lest the COVAX-distributed vaccine proves to be ineffective after it is administered.

Before the fund’s conception, the drug firms did not prefer countries that could not provide a liability shield for marketing their vaccines. Owing to the new scheme, countries purchasing COVAX vaccines would receive reimbursements from COVAX if the victims suffer from side effects. Instead of insurers, COVAX would provide compensation to patients based on the severity of the harm from side-effects from injecting the COVID vaccines. 

The decision to institute the fund came after many governments raised concern over COVID-19 shots given the record speed at which they are being developed. Moreover, neither of the potential Covid vaccines has been approved by the WHO, increasing the risk of failure. Earlier, WHO had announced that a fool-proof Covid vaccine would be out by December next year. 

Source: Reuters

Admin

Admin

Next Post

eSanjeevani under Ministry of AYUSH achieves 6 lakh teleconsultations

Recommended

Andhra Pradesh government makes the first move; Bags Bulk Drug Park Project

5 years ago

How an AI-Powered Phone App is Helping Participants During Clinical Trials

5 years ago

About Us

A daily dose of news, views, opinions, and actionable information from the global healthcare industry. Our newsletter is available for a limited audience. If you are interested to write or contribute to this portal then please get in touch.

Important Links

  • Home
  • World
  • Business
  • Health

Recent News

Gynecomastia: Balancing Act – Dangers, Benefits, and Decision-Making

Medical Tourism Success Stories: Inspiring Journeys to Health and Wellness

  • About
  • Submit Article/PR
  • Contact

© 2025 - The Healthcare Daily

No Result
View All Result
  • Home
  • World
  • Business
  • Health

© 2025 - The Healthcare Daily

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In