Discovery Ceo Claims Exorbitant Tax Hikes Needed To Fund 'problematic' Nhi Scheme

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discovery ceo claims exorbitant tax hikes needed to fund problematic nhi scheme

Discoverys chief executive Adrian Gore has once again sounded the alarm bells against governments problematic National Health Insurance (NHI) scheme, warning it would need exorbitant tax hikes to fund.

Gore said that the implementation of the NHI Act, in its current form, will essentially wreck the South African economy.

He made these comments at the companys annual Discovery Day event and further emphasised that the scheme was unworkable and unfeasible.

This is a complex issue. It is an intergenerational process that will take time, but it is a problematic piece of legislation, Gore said.

We have been unequivocal as business, as Discovery, and as a sector, that the NHI is unworkable without private sector collaboration, he said.