After reviewing Nassau Institute’s archive of articles on Health Care one wonders why The Bahamas Government would consider the long march down the reckless road of Socialised Health Care.

If the international experience does not shake them from their pipe dream, maybe this recent article the Cayman experience will?

The Cayman Compass Reports:

The combined losses of the Health Services Authority and the Cayman Islands National Insurance Company (CINICO) will total $17.8 million in the current budget year.

The amount government required to bailout the HSA this year was actually reduced from an expected $11.3 million to $9.8 million. However, CINICO’s operating loss shot from a projected $1 million to $8 million.

CINICO was also recently granted a $9.2 million letter of credit to keep it afloat and allow it to maintain a “Class A” insurance licence.

It appears some of the recent operating losses within the health care system were shifted from the HSA budget to cover CINICO.

In discussions before the Legislative Assembly’s Finance Committee Friday, Health Minister Anthony Eden revealed that at least $500,000 cut from HSA operating losses was used to settle CINICO’s shortfall. [More…]

Hopefully this will not fall on deaf ears and the Bahamas government will ensure choice is a priority.

Experience around the world demands no less.