Finance Minister Enoch Godongwana has sounded a strong note of caution. The Department of Health’s proposal to fund the controversial National Health Insurance (NHI) involves phasing out medical scheme tax credits. Speaking to journalists shortly before tabling the Medium-Term Budget Policy Statement (MTBPS) in Parliament, the Minister expressed deep concern over the potential impact on taxpayers. The Department of Health…
Tag: Tax Credits
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Medical Aid Tax Credits Impact on Private Healthcare
The Department of Health is actively collaborating with the National Treasury to establish thresholds for medical aid tax credits. This signals the first concrete steps towards phasing them out to fund the National Health Insurance (NHI) scheme. While officials insist the initial changes will only affect high-income earners, the move has ignited fierce criticism. It has raised concerns about transparency…