NHI uncertainty wipes R14bn off healthcare firms’ values

Medical aid administrators’ and pharmaceutical companies’ share prices continue to tumble as the government appears determined to go full-steam ahead with its planInvestors in healthcare stocks on the JSE have seen value destruction of about R14bn in three days of trading as the market grapples with the possible effect of government reforms to the sector.

The National Health Insurance Bill, tabled in parliament on Thursday last week, paves the way for the establishment of a central NHI Fund that will purchase services on behalf of the entire population. In terms of the bill, medical schemes will ultimately be limited to only offering cover for benefits not provided by the fund. The bill makes no provision for scheme administrators.

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Higher taxes on the cards as government scrambles to implement NHI | IOL Business ReportSouth Africa’s embattled consumers are set to see a rise in taxes as the government scrambles to implement the much-touted National Health Insurance scheme. busrep busrep I've said it before. I will simply stop taking on new work when I reach the provisional threshold. I'm happy to pay reasonable tax to a government that's doing something good with it. I refuse to fund this nonsense and looting
Source: IOL - 🏆 46. / 51 Read more »

TOM EATON: NHI is far worse than Jacob Zuma’s craziest ideaNationalised health will need every two to four years the R1-trillion that nuclear power stations would have needed only once TomEatonSA They can't convince anyone without mentioning Jacob Zuma in their opinions. Cyril Ramaphosa is the current president but Tom still feels the need to critic NHI and mention Zuma in there somehow. TomEatonSA NHI was the Zuma plan for healthcare rent extraction... ? DrZweliMkhize CyrilRamaphosa Derek_Hanekom BLSA_Official TomEatonSA NHI can work maybe in a first world country bt it sounds like Obama care for me which ,didnt work in the US
Source: BDliveSA - 🏆 12. / 63 Read more »

DA to fight NHI bill 'all the way to the Constitutional Court'The DA will to go all the way to the Constitutional Court to stop the implementation of the National Health Insurance (NHI) bill, tabled in parliament last week by health minister Zweli Mkhize. Great because this is just another corrupt scheme to bail out Eskom and other corrupt parastatals! My money, therefore I must say what I spend it on and if I can afford private care, who the hell does govt think they are to tell me I cant? This govt can go to HELL!! MmusiMaimane can you please explain the reason behind DA fighting NHI bill I just want here your reasons 🙄🙄
Source: TimesLIVE - 🏆 28. / 59 Read more »

'It undermines power of provinces': Maimane ready to challenge NHI Bill | IOL NewsThe DA on Tuesday questioned the constitutionality of the National Health Insurance Bill and vowed to use all legal options ...
Source: IOL - 🏆 46. / 51 Read more »

WATCH: DA prepared to fight NHIThe DA said it's prepared to fight the NHI Bill all the way to the Constitutional Court. No the Our_DA spokesperson on 702 made it clear that they agree with the ANC once again that NHI is needed. They just want to implement it their way. Ths is 1 thing i suport the DA on. We cant aford 2 hv another bufet 4 the rogue ANC leaders like Ace. The idea of a NHI is gud. Just nt now. The governing party must plz fix itself first. We cant acept the NHI now. Our_DA GovernmentZA We hv frot SOEs as we speak. DA plz help 😂😂😂 I was waiting for this!
Source: eNCA - 🏆 49. / 51 Read more »

Maimane: DA will fight the 'unconstitutional' NHI BillThe bill, which sets out to provide universal healthcare to all South Africans regardless of their financial circumstances, will now be processed by Parliament before it becomes law. I don't normal agree with Mr Maimane however I fully support him on this NHI thing. This ANC is failing dismal to turn around the state of SOE and we will see this new dawn promised by Cyril after Jesus has come back. How on earth can they manage such things
Source: ewnupdates - 🏆 30. / 53 Read more »