We get the Bahamas Insurance Association’s take on NHI. Chairman Emmanuel Komolafe and Deputy Chairman Lyrone Burrows discuss the BIA’s alternative approach to National Health Insurance, which includes making health insurance mandatory for all legal residents, and making private insurers unable to deny coverage for pre-existing conditions. The BIA believes the cost to implement NHI will be significantly higher than the government’s consultants’ maximum estimates of about $600+K; the BIA’s max estimates are closer to $1B.We also discuss the impact of the planned July 1 implementation of VAT on Health and General Insurance premiums.
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