Minister Mkhize defends NHI: It will boost South Africa's economy

Minister Mkhize defends NHI: It will boost South Africa's economy

- The NHI will serve as a boost for the South African economy, according to Health Minister Zweli Mkhize

- This comes in response to concerns raised in Parliament on the new compulsory insurance proposed for the country

- However, critics feel the fund will come as a burden the economy simply cannot afford at this point in time

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Health Minister Zweli Mkhize insists that the proposed National Health Insurance will benefit the nation's flagging economy.

Mkhize defended the fund in response to MPs who highlighted that the motion was currently unaffordable for the country.

In his defence of the new bill, Mkhize used Japan as an example of a nation that was financially better off thanks to similar efforts:

"At that point it was a few years after the Second World War. Japan was almost in ruins. They were in a worse situation than the SA economy is in now."

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READ ALSO: ANC's controversial NHI bill could lead to a shortage of doctors

News24 notes that this policy was implemented over half a century ago, with the country now boasting the longest life expectancy for citizens.

The Citizen revealed that the South African economy is borrowing R1 billion a day over seven years, with R2.2 trillion expected to go to bailouts for struggling state-owned entities. reported that the economy had contracted in the first quarter of this year, with unemployment lending its hand in further crippling South Africa.

Only time will tell if the proposed bill will serve the people, or if the results will be catastrophic for both the public and private healthcare sectors.

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