BREAKING NEWS

S.Africa does not want NHI to increase tax burden

By REUTERS

AUGUST 11, 2011 13:17

PRETORIA - South Africa will fund a proposed National Health Insurance program 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.

"There is money in the systems and there may be extra money required," Gordhan told reporters at a government briefing.

A government source citing a policy paper to be released on Friday, said earlier that the NHI, which is aimed at giving greater access to healthcare for the country's poor, will require 125 billion rand ($17.3 billion) in 2012, 214 billion rand by 2020 and 255 billion rand by 2025.

($1 = 7.225 South African Rand)

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