NHI expenditure will be R450bn, projects Fitch | IOL Business Report

JOHANNESBURG – Fitch Solutions, a unit of the Fitch Group, said on Friday that it projects the government’s healthcare expenditure will reach nearly R450 billion by 2028 following its decision to implement the National Health Insurance system. Fitch Solutions said in a research note that NHI bodes well for a significant expansion of access to healthcare services.

The National Treasury had initially estimated that NHI would cost R256bn, but has said that the department plans to release a paper with a revised costing. Morné Malan, senior researcher at the Solidarity Research Institute, said anyone who assumes that an increase in the scope of state involvement in healthcare to cover all South Africans would run concomitant with an increase in the ability to deliver quality services is either naive or dishonest.

“There are various aspects to consider when it comes to the bill, but, most importantly, central to it all is the impact on its users - South Africans,” Callakoppen said.

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NHI described as convention that will overhaul health system - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The National Health Insurance has been described as the convention that will overhaul democratic South Africa's health system. Delegates at the Hospital Association of South Africa conference have acknowledged that the National Health Insurance will force them to change the way they do business.
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