PRIVATE MEDICAL CARE in Barbados will increase from July 1.
This is as a result of expected increased costs due to the hike in the National Social Responsibility Levy (NSRL) to ten per cent, the imposition of a two per cent tax on foreign exchange transactions, and higher costs for fuel with a spike in the excise rate.
Already, Barbados’ largest private medical facility, Bayview Hospital, has notified doctors of the impending increase via an email circular sent on Thursday by their administrator Jules Reid.
That email stated: “In light of the Budget address that the Minister of Finance, the Hon. Christopher Sinckler, recently delivered, we would like to place you on alert that we are left with no alternative but to increase our rates effective July 1, 2017. (SP)
Please read the full story in today’s Saturday Sun, or in the eNATION edition.