NHI costs still to be calculated: finance minister

  • 📰 BusinessTechSA
  • ⏱ Reading Time:
  • 63 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 61%

Business News News

Business Business Latest News,Business Business Headlines

Finance minister Enoch Godongwana says the government has not updated the cost model of the proposed National Health Insurance (NHI) scheme since the 2019/2020 financial year.

Responding in a recent written parliamentary Q&A, Godongwana said this means the economic impact of the Covid-19 pandemic has thus not been factored into the cost model for the scheme.

The most recent data, published in section 8 of the explanatory memorandum to the NHI Bill and the 2019 Medium Term Budget Policy Statement, modelled the medium-term cost of specific NHI interventions at approximately“The need for and timing of further updates to the model will be determined by practical progress with preparing for the implementation of NHI, spending on the existing NHI allocations, as well as progress with processing the NHI Bill in the two chambers and relevant committees of...

If medical schemes are eliminated, as is proposed by the NHI Bill, the R212 billion funding gap will need to be absorbed by the state, Discovery said.4.1% of GDP needs to be collected in taxes“A more feasible pathway to increase public sector per capita funding is to maintain medical scheme funding, expand access to the employed population while state funds focus on the most vulnerable.”

If the government’s goal is to offer universal healthcare coverage it should instead adopt a blended finance model – similar to those used in the Netherlands, Thailand and Indonesia – which would allow consumers to continue choosing private healthcare providers, while allowing for greater public and private sector integration, Discovery said.

 

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

 /  🏆 24. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Mantashe in talks with Finance Minister over fuel price composition - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Mineral Resources and Energy Minister Gwede Mantashe says he’s in talks with Finance Minister Enoch Godongwana on the composition of the fuel price in the country. We want to hear him about Bosasa Yes we know they don't care cause they don't pay for petrol. Cause how do leaders start talking and yes only talking about the price of petrol. Offer some relief to the people working and paying for your lavish lifestyles. VoetsekANC Forfeit the levies cause potholes continues Mr Mantashe what is your say on state capture report which was handed to Mr Ramaphosa yesterday 🤔
Source: SABCNews - 🏆 37. / 51 Read more »