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Got medical aid? Government wants you to pay (at least) R303 per month more

28 August 2017 6:56 PM
Tags:
Medical aid scheme
NHI
Medical aid
Aaron Motsoeledi
National Health Insurance
Econex
medical aid tax credit
tax credit
Paula Armstrong

2 million people will find it too expensive if Government gets its way. Bruce Whitfield interviews economist Dr Paula Armstrong.

Government wants to scrap medical aid tax credits.

Analysis by economics consultancy Econex shows that this will make medical aid unaffordable for 1.9 million of the 8 million current members, forcing them into the state health system.

Medical aid members currently get a tax credit of R3636 a year — or R303 a month.

Members with a dependent pays R606 less tax each month.

The Money Shows’ Bruce Whitfield interviewed Econex Economist Dr Paula Armstrong.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

The reasoning behind the tax credits is that medical aid members do not place a burden on the public health care system.

Dr Paula Armstrong, Econex

It’s highly unlikely that the level of care in an NHI system will be anywhere near acceptable.

Dr Paula Armstrong, Econex

It will be catastrophic for health and the economy.

Dr Paula Armstrong, Econex

Click here (then “like” the page) to follow Bruce on Facebook.

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28 August 2017 6:56 PM
Tags:
Medical aid scheme
NHI
Medical aid
Aaron Motsoeledi
National Health Insurance
Econex
medical aid tax credit
tax credit
Paula Armstrong

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