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March 13, 2023
Insurers say no formal notice from gov't regarding VAT on health insurance
NASSAU, BAHAMAS — The insurance industry has not received a formal advisory from the government regarding a reported deferral of the implementation of changes to the treatment of Value-Added Tax (VAT) on health insurance, according to Marcus Bosland chair of the BIA's health insurance committee. Bosland said: "While the BIA has read with interest the [...]
Halkitis: No health insurance VAT changes on April 1
March 10, 2023
Halkitis: No health insurance VAT changes on April 1
After meeting with medical professionals and getting crucial information, Minister of Economic Affairs Michael Halkitis yesterday confirmed the government will not implement the changes to the treatment of value-added tax (VAT) on health insurance on April 1. "No. We will maintain the status quo so that people do not postpone critical medical treatment for fear ...
The post Halkitis: No health ins...
March 08, 2023
Insurance costs rising in region, but Bahamas market stable for now, says Ward
High insurance premiums will unfortunately be a part of living in the geographical region to which The Bahamas belongs, and those prices will not abate anytime within the next year, Group President and Chief Executive Officer of Bahamas First Insurance Patrick Ward explained on Monday.
March 06, 2023
Court rules in favor of development, but reduces insurance claim
Chief Justice Ian Winder has ruled that an insurance company pay the insurance claim of a development adjacent to Lyford Cay, albeit at a significantly reduced amount.
March 11, 2015
2015 International Conference of the Captive Insurance Companies Association
Representatives from the Bahamas Financial Services Board and the Insurance Commission of The Bahamas were at the 2015 International Conference of the Captive Insurance Companies Association (CICA)...
The need for universal health insurance
March 11, 2015
The need for universal health insurance
"In 2010, there were 723 deaths in categories deemed avoidable in The Bahamas."
The great debate: National Health Insurance
March 11, 2015
The great debate: National Health Insurance
Dear Editor,
The Gold Rush Administration, lead by a man whom many believe is far from the top of his game, is on the wrong path at the wrong time.
February 20, 2023
Governance reformer calls on gov't to protect National Insurance fund
NASSAU, BAHAMAS — A governance reformer yesterday said that it is "critical" that decisive changes are made to protect the National Insurance fund and by extension the well-being of the country's citizens and residents. Hubert Edwards, head of the Organization for Responsible Governance (ORG) economic development committee, told Eyewitness News that recent statements by the [...]
Minister says national insurance fund stands to lose $95 million if NIB rate not increased
February 14, 2023
Minister says national insurance fund stands to lose $95 million if NIB rate not increased
If the National Insurance Board (NIB) contribution rate is not increased this year, the fund stands to lose $95 million, Minister of State in the Office of the Prime Minister Myles LaRoda said today.
February 14, 2023
Govt will monitor impact of VAT policy on health insurance
Minister of Economic Affairs Michael Halkitis said yesterday that the government is not interested in "declaring war" on any industry in the country, as lawmakers continue to contend with the insurance sector's strong opposition to a shift in policy which places on consumers the burden of value-added tax (VAT) on health insurance claims. Health insurers claim this will cause .....
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