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Mediclinic News : FITCH PROJECTS NHI EXPENDITURE AT $30BN

Title

FITCH PROJECTS NHI EXPENDITURE AT $30BN

Date

2019-09-02

Link

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News Description

CHANNEL AFRICA Fitch Solutions, a unit of the Fitch Group, said on Friday that it projects the government’s healthcare expenditure will reach nearly R450 billion ($30 billion) by 2028 following its decision to implement the National Health Insurance (NHI) system. Fitch Solutions said in a research note that NHI bodes well for a significant expansion of access to healthcare services. However, it said the implementation phases will pose significant challenges to the government and will test the feasibility of the project. “We now expect government health expenditure to post a 9.9% 10-year compound annual growth rate (CAGR) reaching R449.9 billion ($30 billion) by 2028,” Fitch Solutions said.
Created at 2019/09/20 01:57 PM by Mediclinic
Last modified at 2019/09/20 01:57 PM by Mediclinic