The Government “may not” implement the new VAT treatment for medical insurance claims payouts by its April 1 target, it was revealed yesterday, with the decision hinging on a meeting with healthcare stakeholders later this week.
Simon Wilson, the Ministry of Finance’s financial secretary, told Tribune Business the Government is hoping to “have a resolution” after it meets with multiple industry groups over a proposed change many fear will increase medicine and treatment costs for patients while reducing access to, and the affordability of, private medical care.
Source: www.tribune242.com
