Politics of Wednesday, 1 April 2020Source: GNAParliament approves formula for disbursement of NHI FundThe NHI Fund is to enable NHIA to undertake its yearly activitiesParliament has approved the proposed formula for the disbursement of the National Health Insurance Fund for 2020 to enable the National Health Insurance Authority (NHIA) to undertake its activities for the year. The object of the Fund is to pay for the healthcare services of members of the National Health Insurance Scheme (NHIS). The sources for the Fund include; the National Health Insurance Levy (NHIL), 2.5 per cent of a person’s Social Security and National Insurance Trust (SSNIT) contribution, monies approved for the Fund by Parliament, money that accrue to the Fund from investments made by the Authority, grants, donations, gifts and any other voluntary contributions made to the Fund. Premium collected by the Authority amounted to GHC65.49 million, processing fee income was GHC69.65 million and disbursements amounted to GHC12.63 million. During the period also, donor receipts and other income amounted to GH33.54 million bringing the total receipts to GHC1.530 billion.

Source: GhanaWeb April 01, 2020 02:26 UTC