NHI to Reduce Spending, Says HSRC

The Human Sciences Research Council (HSRC) says that once National Health Insurance is in place it will help reduce health spending from 8.3 percent of gross domestic product (GDP) to 6.2 percent as the overall population will become healthier and more productive.

HSRC chief executive officer, Olive Shisana, said the bulk of the money, about R120 billion, needed to establish the National Health Insurance (NHI) is already in place and that it is only the next R5 billion that is required.

She states: "There are big challenges on health expenditure. These relate to the question of healthcare expenditure that makes up 8.3 percent of the country's GDP, but surprisingly 4.1 percent is spent in the private sector, which only covers 16 percent of the population."

To read the article titled, “NHI would cut health spending - HSRC chief,” click here.

Source: 
BusinessLive

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