Why SA can’t afford the proposed NHI

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Dr Paula Armstrong of FTI Consulting discusses a recent report highlighting the economic reality of funding the proposed national health insurance and why she deems it to be fiscally irresponsible.

Jimmy Moyaha has worked actively in financial markets for almost a decade.

He has worked for and with numerous international companies and has been responsible for strategy and expansion opportunities within the African market. He provides professional market commentary on platforms like Moneyweb, and has hosted a number of radio shows.21 Feb 2024 / Dudu Ramela

 

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South Africa to Cut Medical Aid Tax Credits for National Health InsuranceThe Department of Health has confirmed that medical aid tax credits will be cut in South Africa to fund the National Health Insurance (NHI). The 2024 Budget has been scheduled for 21 February 2024, posing challenges for the finance department due to a budget deficit. Concerns have been raised about the fast-tracking of funding sources for the NHI, potentially costing middle-class households between R4,400 and R14,000 a year.
Source: BusinessTechSA - 🏆 24. / 61 Read more »