HEALTH Minister Dr Christopher Tufton yesterday announced Government's plans for a major overhaul of the country's health care infrastructure over a two-year period, which he said will result in a huge capital expenditure.
HEALTH Minister Dr Christopher Tufton |
"This will not be at the expense of the viability of the NHF. Frankly, it is in keeping with the mandate of the fund. Currently, the NHF had $10 billion dollars in reserves. We commissioned a KPMG study to determine that entity's viability, based on future expenditures and projected revenue streams," Dr Tufton said. "Following that study we can conclude that with a withdrawal of up to $3.5 billion, that entity would be able to meet its obligation for up to 10 years, all other things being equal." more
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