President Cryil Ramaphosa recently signed the National Health Insurance Act into law, which could make life harder for companies trying to attract talent.
The NHI Act names three primary sources of funding for the fund: a payroll tax on employees, raising personal income tax, and redirecting most of the approximately R250 billion spent on private medical aid schemes to the fund. The introduction of the NHI will significantly limit the membership benefits of private medical aid schemes from offering services that are already covered by the fund.The fund will pay for healthcare services for eligible people from accredited healthcare service providers.people with no right to healthcare services purchased by the Fund in terms of the NHI Act;
CDH said that the practical implimications of the hybrid fund remain unclear, and could mean that employees will have to contribute towards the fund and elect to contribute to a private medical aid scheme to access services exlcuded from the fund.