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Brace for taxes — Parliament passes NHI bill
South Africa’s National Assembly approved a new law that will pave the way for the introduction of universal health insurance, a plan its critics argue will be financially unsustainable and impossible to implement effectively.
The National Health Insurance (NHI) Bill aims to ensure all South Africans have access to quality healthcare services and provides for the establishment of a fund that will be used to pay for almost all medical treatment from accredited providers, with rates to be determined by the state.
[Bloomberg]
South Africa’s National Assembly approved a new law that will pave the way for the introduction of universal health insurance, a plan its critics argue will be financially unsustainable and impossible to implement effectively.
The National Health Insurance (NHI) Bill aims to ensure all South Africans have access to quality healthcare services and provides for the establishment of a fund that will be used to pay for almost all medical treatment from accredited providers, with rates to be determined by the state.
[Bloomberg]