NHI paper released for public comment

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Gushesh

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Cabinet has approved that the National Health Insurance green paper be released for public comment, government's highest decision making body said on Thursday.
"Cabinet believes that this is a major step towards improving the access and quality of health care for all citizens of SA," the statement said.

It went on to say that Cabinet stressed that it should be borne in mind that the success of this policy would largely depend on a whole range of other important variables such as clean water, nutrition, general physical exercise etc.

Health Minister Aaron Matsoaledi said the implementation of the National Health Insurance (NHI) would be a 14-year process.
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http://www.businesslive.co.za/southafrica/2011/08/11/nhi-paper-released-for-public-comment
 
As far as I know....

Annual revenue from all tax sources = around R600 million
Annual estimated cost of NHI = around R600 million

In other words, good old joe taxpayer will foot the bill, all 20 of us.
 
Ancalagon said:
As far as I know....

Annual revenue from all tax sources = around R600 million
Annual estimated cost of NHI = around R600 million

In other words, good old joe taxpayer will foot the bill, all 20 of us.
Click to expand...

I think you are out a bit, we need R125 billion for the first year alone...


Edit

The South African Revenue Service (Sars) collected R647.2-billion in tax revenue in 2010/11, R2-billion more than was targeted in the 2011 budget, Finance Minister Pravin Gordhan said in Pretoria on 1 April.
 
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Ancalagon said:
As far as I know....

Annual revenue from all tax sources = around R600 million
Annual estimated cost of NHI = around R600 million

In other words, good old joe taxpayer will foot the bill, all 20 of us.
Click to expand...

If annual revenue from all tax sources was 600 million we would be one destitute country. Im sure there are corporations that pay more than that in their annual tax, lol.
 
Where is the paper then?

News24 says NHI will cost R125bn in 2012. That is an enormous amount of money!

Pretoria - South Africa’s proposed National Health Insurance (NHI) programme, aimed at giving greater access to healthcare for the country’s poor, will require R125bn in 2012 and R214bn by 2020, according to a government policy paper released on Thursday.

The NHI, currently being discussed by the government and other parties in South Africa’s healthcare system, will require R255bn by 2025, the paper said.
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No clue where this money will be coming from :confused:
 
http://www.fin24.com/Economy/Gordhan-NHI-wont-increase-tax-burden-20110811


Pretoria - South Africa will fund a proposed National Health Insurance (NHI) programme through the fiscus, employers’ contributions and other funding mechanisms, and the government does not want the plan to increase the burden on taxpayers, Finance Minister Pravin Gordhan said on Thursday.


Gordhan said the government did not want to increase the burden on taxpayers with the introduction of the NHI and the programme will be funded through the public finances, contributions from employers, surcharges and partnerships with the private sector.

“There is money in the systems and there may be extra money required,” Gordhan said.

The government has previously said it was investigating how the NHI would be funded and among the options were surcharges on taxable income and VAT increases. Analysts expect the main source of revenue to come from general taxation.

But Gordhan said: “We don’t want to burden anybody more than they need to under normal taxation."
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I don't think anyone actually has a clue where the money will come from.
 
VAT Increase? That will burden EVERYBODY, which in the end would probably be more fair.
 
It'll probably come from higher taxation on the big corporates (which is a step in the right direction). Would be particularly ideal if they start pulling it from the medical aid companies obscenely coining it (to all impending flamers and nay-sayers, Discovery upped their profit from 2009 to 2010 by 36% to R 2.5 billion, never mind the other R11 billion they earn from investment of their previous profits & assets).

Let's just hope Gordhan isn't trolling us.
 
UnUnOctium said:
It'll probably come from higher taxation on the big corporates (which is a step in the right direction). Would be particularly ideal if they start pulling it from the medical aid companies obscenely coining it (to all impending flamers and nay-sayers, Discovery upped their profit from 2009 to 2010 by 36% to R 2.5 billion, never mind the other R11 billion they earn from investment of their previous profits & assets).

Let's just hope Gordhan isn't trolling us.
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Great point!
 
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