Ramaphosa to Sign Controversial National Health Insurance Bill into Law Two Weeks Before Elections

May 14, 2024, 05:38 AM

President Cyril Ramaphosa will sign the National Health Insurance Bill into law on Wednesday. The bill, which aims to provide universal health coverage to South Africans, has faced significant opposition from business groups and medical professionals. Business Unity South Africa (BUSA) has confirmed it will consider legal action against the bill, which they describe as 'damaging.' ActionSA has also expressed disappointment over the bill. Shares in Discovery and other South African medical insurers have slumped following the announcement. The signing comes just two weeks before national elections.