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NHIS Nears Collapse: Minority Urges Finance Minister to Release Funds

The Minority in Parliament has called on the Finance Minister as a matter of urgency to rescue the National Health Insurance Scheme (NHIS) from experiencing a deeper financial crisis

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NHIS Nears Collapse: Minority Urges Finance Minister to Release Funds

The Finance Minister has been urgently urged by the Minority in Parliament to prevent a worsening financial catastrophe for the National Health Insurance Scheme (NHIS).

The dire circumstances facing the NHIS were disclosed in a statement signed by Kwabena Mintah Akandoh, the ranking member of the Parliamentary Select Committee on Health.

He claims that because the Ministry of Finance has not yet provided any funding for the NHIS this year, the organization is in dire need of money.

“To prevent the scheme from being imperilled due to lack of funds, the Minority, therefore, calls on the Bawumia-led Economic Management Team to direct the Minister responsible for Finance to release and transfer all outstanding payments to the National Health Insurance Fund by close of business this week,” Mr Akandoh stated.
The Minority warned of dire consequences for noncompliance with the National Health Insurance Act (Act 852) and demanded strict adherence to it.

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“We implore the Finance Minister to adhere strictly to the National Health Insurance Act (Act 852), as there are explicit consequences for non-compliance,” Mr Akandoh continued.

He continued by saying that their research revealed the National Health Insurance Fund has a small balance at the Bank of Ghana—less than GH¢ 1.0 million.
To prevent the National Health Insurance Scheme (NHIS) from collapsing, he claimed that “this gross and wanton neglect has driven the NHIS into a precarious financial state of comatose requiring intensive care services.”

The Akufo-Addo-Bawumia administration’s willful disregard for the NHIS’s financial stability, which led to the agency’s current bankruptcy, was also denounced by the Minority through Mr. Akandoh.

Since the Ministry of Finance has not issued any releases to the NHIA this year, it is insolvent. Furthermore, according to the Bank of Ghana checks we did, the National Health Insurance Fund is short of GHS 1.0 million. The minority said, “To put it mildly, this fund is bankrupt.

Dr Dacosta Aboagye, the CEO of the National Health Insurance Authority (NHIA), has refuted reports that the agency is having financial difficulties, although certain Ghanaians and NHIA service providers have expressed irritation over the delayed payment of cash by the NHIA for services given.

The NHIA has a solid financial position, Dr. Aboagye underlined, noting that the authority pays out GH₵180 million to GH₵250 million every month. It would be impossible to incur such a high level of spending if the NHIA was, as claimed, financially insolvent.

“It cannot fail; a program disbursing between one hundred and eighty and two hundred and fifty million dollars can never fail. However, there is also the argument that the Ministry of Finance ought to release the funds to the NHIS; once we have a steady flow of funding, we won’t experience issues and it is viable,” Dr. Dacosta retorted.

Vesta Daily
Author: Vesta Daily

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