By NATARIO McKENZIE

Tribune Business Reporter

nmckenzie@tribunemedia.net

THE NATIONAL Insurance Board (NIB) has paid out $2.1 million to private pharmacies under the National Prescription Drug Plan up to August 2011, according to its director.

Speaking at the sixth annual Exuma Business Outlook, Algernon Cargill said: "We have seen the private sector outperforming the public sector. As of August of this year, we have paid out more than $2.1 million to private pharmacies. We pay on average 2,200 claims on a weekly basis, that is in the private sector, and 340 in the public sector. Our average weekly payout is $42,000. It has now increased to $70,000 plus."

He added: "We have m ...

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