Finance Bill 2024 Withdrawal: Kindiki Points to SHA Funding Crisis, Hints at New Tax Introduction-finance

Finance Bill 2024 Withdrawal: Kindiki Points to SHA Funding Crisis, Hints at New Tax Introduction

2025-01-09

finance

The withdrawal of the Finance Bill 2024 has sparked a major funding crisis for the Social Health Insurance Fund (SHA), according to Kithure Kindiki. This move has created a significant budget hole, affecting the stability and sustainability of the healthcare system. As a result, Kindiki suggests that the introduction of new taxes may be necessary to bridge the financial gap. The SHA, a crucial component of the country's healthcare infrastructure, faces an uncertain future due to the withdrawal of the bill. With the government seeking to mitigate the effects of the funding shortfall, citizens can expect potential changes in tax policies. Key concerns include the impact of new taxes on low-income households and the potential for increased healthcare costs. As the situation unfolds, policymakers must balance the need for revenue with the necessity of maintaining affordable healthcare services, possibly exploring alternative solutions like budget reallocations or public-private partnerships to support the SHA. ...Read more

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