'VAT to push up medical insurance costs'

Monday, March 08, 2010

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."

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