NHI to cost less than feared: Treasury

2010-11-11 14:53

Somerset West – A Treasury economist said on Thursday that the national health insurance (NHI) scheme may cost a lot less than is anticipated at present.

Chris Loewald, deputy director general of economic policy, told the annual conference of the Bureau of Economic Research that it was impossible to assess the likely impact of the NHI on the country's economy.
"We don't know what the NHI is going to look like," he said in response to a question. "We don't know how much it's going to cost."

He indicated the general contours show that the scheme will incorporate much of the spending already dispensed on health.

Loewald suggested that the additions to that spend will be smaller than the large sums of money being bandied about at present.


  • What Ever!! - 2010-11-11 16:02

    Cheaper or not- still going to cost me as a tax payer money that I don't have due to all the taxes already! Why not just take all the tax payers full pay and also give us BMW's and Fancy houses!

  • Johnathan - 2010-11-11 16:06

    They don't know anything, it seems, except that what the ANC masters command, must be done, regardless of whether it is even possible or not. Nice! I wish I could just say "It is imperative that I must own a massive pleasure yacht - I don't know how much it will cost or anything, but I must acquire one." If only it were that easy...

  • SSDD - 2010-11-11 16:55

    Doesn't matter how much it will cost me, it will still be extra money out of my pocket for someting I don't want nor need, which will in end be benefitting someone else in return.

  • james - 2010-11-11 18:41

    Tell us another fairy tale please

  • sceptic - 2010-11-11 20:49

    State hospitals and the public health system in general might have not fallen into such a state of disrepair and inefficiencies if ministers and all civil servants were only allowed to make use of state health care facilities. How about funding a large portion of the proposed NHI through savings brought about by improved efficiencies instead of milking taxpayers, just now the "cow"will be all dried up.

  • Sam - 2010-11-11 21:08

    HA HA HA HA HA HA HA HA HA HA!Wat a Joke! HA HA HA...

  • Realist - 2010-11-12 08:15

    Good news but just proves a point that the ANC never do their homework and spout nonsense most of the time. I would agree that all the ANC and Alliance members should only be allowed to utilise State Facilities since they are promoting this system.

  • Jamo - 2010-11-12 08:33

    @ssdd - what you say is right except the "someone else" you refer to is govt ministers and connections, not even the poor or anyone else.

  • xxx - 2010-11-12 08:43

    Medical aid is already taking a large portion of my salary. Now that there health system collapsed we the tax's payers must pay for there incompetency!!!

  • LH - 2010-11-12 08:55

    How clever to experiemtn with an entire country's economy. This articel tells us exactly nothing, except that a policy is being implemented which they have no clue about the future ramidications will be.

  • Johan - 2011-01-27 20:03

    Heres my thoughts; its going to cost less that the people are paying already he says..."the scheme will incorporate much of the spending already dispensed on health" Ok, so that means, you are going to have to pay, close to what you pay now, but now its not a hospital with trained people knowing exactly what they are doing (fully stocked by the way with what ever you need). Now, for that money, you are going to a place with thousands of people in the line ahead of you when you want/need attention? And you are paying for this? Why the hell would I do that? Is this, you pay, not the guy in front of you, but we are all equal in the world thing. The reality is we all have the same rights, but we are not all equal! (not referring to race) If you have money, nobody gets money handed to them, they worked their ass off for it, you get treated the same as the person not willing to spend 16 hour days at his/her work. That is bull shit! Isn't the reason you work that hard to get ahead? Why the hell are we doing it then? For laughs? Sacrificing family time to sit at a desk for nothing? Is this socialism? Won't this just make everyone sit back, hands out and blame the Gov when the house of cards come tumbling down?

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