Commission warns against Competition Act exemptions in NHI Bill - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

The Competition Commission warns that in the long run, blanket exemptions against the Competition Act in the National Health Insurance (NHI) Bill could work against the objective of the NHI itself.

Commission Chief Economist James Hodge says any such exemptions would render the commission unable to investigate collusion and other non-competitive behaviour by private entities.

He added that the broad exemptions would undermine the goal of the NHI to negotiate the lowest possible price for healthcare services. Hodge says South Africa has a long history of private sector companies abusing their market dominance and colluding on pricing. “If there is no ability to investigate or prosecute collusion or abuse of dominance then there is little deterring private companies in the healthcare industry from engaging in these practices because they are effectively immune from prosecution. And that would be to the detriment of the NHI itself because the purpose of the NHI is bringing in the single purchaser is precisely to try and negotiate better prices for healthcare services.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 37. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

🇿🇦 I’ve received R100.000.00 within 7days of crypto trading with the help of Mr Hendricksnino12 he’s reliable and trust, ⚡𝐍𝐨 𝐡𝐢𝐝𝐝𝐞𝐧 𝐜𝐡𝐚𝐫𝐠𝐞𝐬 ⚡𝐍𝐨 𝐰𝐢𝐭𝐡𝐝𝐫𝐚𝐰𝐚𝐥 𝐩𝐞𝐧𝐝𝐢𝐧𝐠 Contact him now by clicking on his name below 👇🏻 Twitter Hendricksnino12

Australia Australia Latest News, Australia Australia Headlines