The final draft of the health insurance law will be discussed in the next Cabinet meeting, said Health Minister Ahmed Emad.
During a press conference at the Cabinet on Wednesday, Emad said that any hospital abiding by high quality health standards will be included in the new health insurance system.
Egypt's health care system has been neglected for decades, as the government has failed to provide safe and high quality medical services to the underprivileged.
The new Constitution stipulates that government funds allocated to health care should increase to three percent by 2017.
According to the state information system website, the health system in Egypt incorporates both the public and private sectors of the health insurance market.
Approximately 50 percent of the population is covered by basic government health insurance, a further 30 percent are enrolled in private health insurance plans and 20 percent of Egyptians have no health insurance.