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
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