Asia Insurance Post
  • Home
  • Articles
  • Blog
  • Data
  • Facts
  • Editorial
  • Interviews
Select Page

South Africa’s Ramaphosa to sign health insurance bill into law just before electio

by AIP Online Bureau | May 13, 2024 | Eco/Invest/Demography, Health, International News, Non-Life, Policy | 0 comments

The law aims to provide healthcare to millions of poor citizens in a major overhaul of a two-tier system, which still reflects deep racial and social inequalities three decades after the end of white minority rule.

Johannesburg:

South Africa’s President Cyril Ramaphosa will on Wednesday sign into law a national health bill that aims to provide universal coverage to South Africans, the country’s presidency said in a statement.

The signing of the National Health Insurance bill – popular among voters – will come just before the May 29 national election that could test the African National Congress’ 30-year rule.

The bill, which will be implemented in stages at a cost of billions of dollars, received Ramaphosa’s approval after it was passed by lawmakers last year.

The law aims to provide healthcare to millions of poor citizens in a major overhaul of a two-tier system, which still reflects deep racial and social inequalities three decades after the end of white minority rule.

The legislation has been strongly opposed by business groups which say it will lead to disinvestment in the healthcare sector and damage South Africa’s already fragile economy. Political commentators say that concrete changes are unlikely to come soon even once the bill is signed.

Submit a Comment Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Repo Deals, G-Sec Lending: IRDAI recasts insurers’ investment playbook
  • Insurance intermediaries must report big commission payments, Publish details online: IRDAI
  • Lloyd’s:A new marine war risk consortium launched to support Strait of Hormuz shipping
  • IRDAI constitutes expert panel to chart AI roadmap for insurance sector
  • ICICI Lombard General to act as Lloyd’s local partner in India

Categories

  • Articles
  • Banking & Bancassurance
  • Blog
  • Breaking News!
  • Briefs
  • Climate, Environment, Renewable Energy
  • Data
  • Disaster & Management
  • Eco/Invest/Demography
  • Editorial
  • Events
  • Facts
  • Features
  • Health
  • Indian News
  • Intermediaries
  • International News
  • Interviews
  • Life
  • Main Menu
  • Non-Life
  • Pandemic
  • Pension & Social Security
  • Policy
  • Regulation
  • Reinsurance
  • Risk Management
  • Simple
  • Technology
  • Trends, Facts
  • Uncategorized
  • Wealth Management/ Philanthropy
  • Workplace/Employee Benefits
  • Home
  • Articles
  • Blog
  • Data
  • Facts
  • Editorial
  • Interviews
  • Eco/Invest/Demography
  • Indian News
  • International News
  • Health
  • Non-Life
  • Pandemic
  • Technology
  • Risk Management
  • Reinsurance
  • Banking & Bancassurance
  • Wealth Management/ Philanthropy