To enjoy the full Mail & Guardian online experience: please upgrade your browser
18 Feb 2010 11:51
1. Inflation and interest rates
4. National Health Insurance
Budget outcome: While the timeline for the introduction of National Health Insurance (aimed at better access to healthcare for all South Africans) is given as five years, it may happen later. It is encouraging to see that the government plans to tackle the health challenges in South Africa in partnership with the private sector, which means that we’ll see a migration of existing healthcare systems to a new system, rather than the introduction of a totally new healthcare dispensation.
What does this mean for the consumer? In the foreseeable future, it remains business as usual, so consumers must provide for their medical needs via private medical aids (the government is not going to come to the rescue). It will also be sensible and prudent to plan for medical expenditure in the future (for example, post-retirement medical funding) based on the current healthcare dispensation.
Anton Gildenhuys is chief executive of Sanlam Personal Finance
Create Account | Lost Your Password?