According to this Nassau Guardian article, the government "expects to have an estimated cost for the implementation of its proposed National Health Insurance (NHI) plan in two months."
Dr. Perry Gomez (PLP), Minister of Health indicated that they also have to determine how much workers will have to pay to "sustain it" and that it will "undoubtedly" cost more than initially expected.
I wonder what impact the new VAT will do to their pricing efforts.
This study commissioned by the Nassau Institute (pdf), in July 2006, by Nadeem Esmail remains relevant.
This lecture by by Dr. Michael Walker, one of the world's foremost authorities on socialised plans around the world is also instructive.
If memory serves me correctly, Dr. Walker pointed out back in 2007, that if Ontario, Canada continued on the same path with it's spending on their "NHI" plan, within ten years, every dollars of taxation raised would have to go toward healthcare costs.
Is there any wonder Dr. Gomez and by extension the government think that the price will go up?
It's simple economics really. If something is perceived as being free, people want more of it.
Hope you can read the study and watch the videos.
Do you think we will run into cost issues with NHI?
What impact might this have on an already slow economy?
