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The National Health Insurance Authority is an agency of the government of the Bahamas, established under the National Health Insurance Act 2003.. It is intended to secure the implementation of a national health insurance policy that ensures access to basic healthcare services to all residents.
The National Health Insurance program was established in 2017. This program gives anyone who is a resident of the Bahamas, healthcare for no cost up front when receiving the service. [2] There are about 42,000 Bahamians or 10% of the population that have enrolled, but membership is voluntary. The Out Islands are serviced by small government ...
The Bahamas approved the National Health Insurance Act in August 2016. The legislation establishes a universal health coverage system that begins with universal coverage of primary health care services, and later expands to include a wide set of benefits that includes all specialized care.
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In terms of gross domestic product per capita, the Bahamas is one of the richest countries in the Americas (following the United States and Canada), with an economy based on tourism and finance. [1] Tourism alone provides an estimated 45% of the gross domestic product (GDP) and employs about half the Bahamian workforce.
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The Bahamas does not impose income tax, inheritance tax or wealth tax. Social security tax is payable to the National Insurance Board at 3.9% by employees and 5.9% by employers, or 9.8% for self-employed individuals, up to maximum amounts. [8]