An economic and qualitative analysis of the impacts of the primary care phase of NHI in The Bahamas.
Today, most Bahamians do not enjoy the security that comes with a meaningful right to healthcare. They must live with the fear of what might happen to them if a loved one becomes ill, including how they will pay for care. The primary care phase of National Health Insurance (NHI) in The Bahamas is the first step in tackling this problem. By offering free, accessible and modern primary care services to residents, the country is taking an important step towards universal health coverage – broadening access, spreading risk and improving the health system’s performance.
KPMG partnered with Cambridge Econometrics to establish the potential economic and other likely impacts of NHI on The Bahamas and its population. The headline finding– that over the course of a generation the primary care phase of NHI will be producing an additional $500 million a year in additional GDP – should come as no surprise. It is consistent with a growing body of literature around the world showing that health investments generate up to nine times their costs in terms of economic growth. This is in addition to related benefits such as lower mortality and morbidity rates, a more productive population, higher employment, a more skilled workforce and lower health inequalities.
Whether health or wealth, the analysis in this report demonstrates that NHI in The Bahamas is an investment that will continue paying off for generations to come.
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