Pharmacists to ‘eat’ NIB drug plan loss
The private Bahamian pharmaceutical industry will have to “eat a significant loss” on existing National Prescription Drug Plan inventories after the National Insurance Board (NIB) - virtually overnight - changed the scheme’s pricing by up to 40 per cent.
Gov’t, regulators ‘running for hills’ on CLICO failure
The Government and its financial regulators were yesterday accused of “running for the hills” over CLICO (Bahamas) , an outspoken attorney arguing that any other country would have initiated a formal inquiry into its collapse.
From ‘disappointment to disillusionment’ on CLICO
CLICO (Bahamas) policyholders “have moved from disappointment to disillusionment”, a prominent cleric yesterday saying his three-week effort to secure a meeting with Prime Minister Perry Christie on the issue had failed.
Insurers ‘dropped the ball’ on NHI
Super Value’s owner believes the insurance industry “dropped the ball” by not inviting the wider private sector into the National Health Insurance (NHI) discussions earlier, suggesting it could have impacted the scheme like it did Value-Added Tax (VAT).
Gov’t puts Freeport ‘on the edge of time’
The Government was yesterday accused of failing to abide by its agreement before the Court of Appeal to release the McKinsey report on Freeport’s future, with the city’s expiring investment incentives again “on the very edge of time”.
IAN FERGUSON: Learning from a workforce ‘giant’
The Bahamas this week lost a ‘giant’ in youth development and business. Lionel Elliot Senior, for more than 30 years, gave his all to improving the lives of Bahamians and ensuring that our reputation as a destination was improved each day.
Union leader urges public health focus
A trade union leader yesterday said not enough was being done by the Government to improve public healthcare infrastructure and services before the introduction of National Health Insurance (NHI).
Real estate chief hopes for rebound
The Bahamas Real Estate Association’s (BREA) president said yesterday that the industry was hoping to rebound after “taking a hit” in 2015, saying: “It’s definitely a buyer’s market”.
China’s corruption battle ‘significant’ for Baha Mar
China’s anti-corruption drive could undermine efforts to secure a speedy Baha Mar resolution, a well-known financial analyst warning this may have “particular significance” for the Bahamas.
Super Value chief: We have ‘lowest and simplest VAT’
Super Value’s owner has lauded the Bahamas’ Value-Added Tax (VAT) as “the lowest and simplest in the world”, adding: “Children could put in the returns.”
Doctors tell Gov’t: ‘Verify’ $102m NHI primary care cost
Private Bahamian doctors were last night said to be demanding that the Government “actuarially verify” the costings it has developed for National Health Insurance’s (NHI) primary care and their compensation.
Atlantis hits ‘misconceived’ Cabbage Beach injunction
A Supreme Court judge yesterday refused to extend an injunction that prevented the Atlantis resort from blocking a ‘right of way’ access to Cabbage Beach.
Regulator rejects Cable’s BTC ‘price rebalancing’ fears
Regulators have rejected Cable Bahamas’ pleas to prevent an “inordinate financial burden” being placed on other operators through the absence of long-overdue ‘tariff rebalancing’ by the Bahamas Telecommunications Company (BTC).
Union files Land’Or employee dispute
The hotel union yesterday confirmed it had filed a trade dispute on behalf of Club Land’Or employees against the embattled Paradise Island property, which is said be to in “serious financial straits”.
NHI pay model can ‘put insurers out of business’
The proposed National Health Insurance (NHI) model could “put private insurers out of business” unless the Government’s cost estimates are accurate, the Bahamas Insurance Association’s (BIA) chairman has warned.
