'VAT to push up medical insurance costs'

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The raising of VAT from 10 percent to 12 percent could have a domino effect on medical insurance premiums, the CEO of Associated Fund Administrators (Botswana), Kabelo Ebineng, has said.

Speaking at the third annual breakfast seminar of Pula Medical Aid Fund at the Gaborone Sun on Friday, Ebineng said the VAT increase could result in a review of subscriptions that did not include VAT so far.

"With the increase in VAT, the financial position of the Fund is going to be depressed," he said. "The income must always be more than the outcome in order to cover for the benefits and administration."

Editor's Comment
Stop the children killing madness!

The incident comes on the heels of a similar one where a father murdered his two toddlers in Francistown. As we grapple with the shock and sorrow of this loss, it is essential to address the underlying issues that led to such a horrific outcome.Our hearts go out to the innocent victims, the three boys aged 13, 10, and eight who lost their lives in circumstances that defy comprehension. Their deep cuts and untimely demise have left a scar on the...

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