NHI – Government flunks due diligence test

First Published: 2006-09-15

It is reported that the Government intends to table in Parliament its proposed National Health Insurance plan (NHI) before yearend. Let us "examine the deal" as if it were a private investment proposal in the securities market.

NHI and the worker.

The Government will provide residents…both legal and illegal…with healthcare that is to be "funded" by a tax on workers' income and a tax on the companies that employ them. The Government without exception will take money equally out of every worker's paycheck (and out of his employer's income) with the promise to deliver healthcare as needed by the worker and his family.

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