The National Health Insurance Authority (NHIA) presented their recommendations to Cabinet on Tuesday, Health Minister Dr. Duane Sands confirmed.
“Let me say that the National Health Insurance (NHI) team had an opportunity to brief the Cabinet of The Bahamas this week so now we will discuss their proposal and make some determinations about the way forward,” Sands said.
“I think the people of The Bahamas should be proud of the work that they’ve done. They’ve consulted widely with businesses, with the trade union movement, with many, many stakeholders…
“…Their proposal, as presented, I believe was an excellent proposal. Now, it’s left for the Cabinet of The Bahamas to dissect and consider critically their recommendations and make a determination on how and when we should proceed.”
The NHIA has pegged the cost of NHI at $130 million per year.
It will be funded by contributions from businesses.
The NHIA estimates that the annual premium per employee would be $1,000 or $84 per month.
Earlier this month, NHIA Chairman Dr. Robin Roberts said, “These businesses will be permitted to recoup up to 1.5 percent of an employee’s full wages to share in the cost of the premium.”
Employees earning more than $66,667 will pay the entire premium.
More than 160,000 individuals are expected to receive coverage from NHI when the program is launched July 2020.
Education: Goldsmith, University of London, MA in Race, Media and Social Justice
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