Now let us look at what is going to happen effective April 1, 2023, when 100% VAT will be paid by the consumer for medical insurance claims. This will mean that the consumer (insured person) is paying VAT twice, both on the premium and on the claim. While I understand that this may be some sort of plan to eventually force persons to use NHI, the present administration should perhaps look at ways to ensure NHI is more efficient and effective. This new tax that will be placed on the insured, who in many instances is making a great sacrifice to pay medical insurance premiums, will lead to a decrease in the number of persons able to afford individual medical coverage…
Source: tribune242.com
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