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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 ...
On May 2, 2002, D. Shane Gibson was elected to the Parliament of The Bahamas in the Golden Gates constituency in New Providence, as a member of the then ruling Progressive Liberal Party. On May 10, 2002, he was appointed by the then Prime Minister Perry Christie to the Cabinet as the Minister of Housing and National Insurance. [3]
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National Association of Insurance Commissioners (NAIC) and state-level insurance supervisors; Uruguay: Central Bank of Uruguay ; Superintendencia de Servicios Financieros (SSF) Uzbekistan: Ministry of Economy and Finance of the Republic of Uzbekistan: Vanuatu: Reserve Bank of Vanuatu: Vatican City: Supervisory and Financial Information ...
He was re-elected to Parliament in the General Election of June 1982, and appointed Minister of Housing and National Insurance (1982-1984). [2] In 1982, he also became Chairman of The Bahamas Mortgage Corporation, an institution established to secure and guarantee housing financing for Bahamians in need of that service.
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.
The Bahamas has no income tax, corporate tax, capital gains tax, or wealth tax. Payroll taxes fund social insurance benefits and amount to 3.9% paid by the employee and 5.9% paid by the employer. [15] In 2010, overall tax revenue was 17.2% of GDP. [16] A value-added tax (VAT) of 7.5% has been levied 1 January 2015. It then increased from 7.5% ...