Sentence examples for formal sector contributions from inspiring English sources

In the case of Ghana, the NHIA is predominantly financed from taxation (the hypothecated NHIL, described in Table 1), which constitutes an estimated 70 75% of total revenue, with a further 20 25% coming from formal sector contributions and only around 5% from informal sector premia (according to NHIA financial reports).

The NHI fund is about 70%to75%5% from a value added tax and 20%to25%5% from formal sector SSNIT contributions, 2.5% of which are mandated to be transferred into the NHI fund monthly.

In countries with large formal sectors, insurance contributions can be easily collected through payroll deductions or taxation (Woolhandler and Himmelstein 2002).

A National Health Insurance fund (NHIF) has been set up and is financed through a payroll tax contribution, whereby 2.5percentt of the 17.5percentt of formal sector workers' Social Security Scheme SSNITT) contributions is directed towards health insurance.

Formal sector employees who contribute to the Social Security and National Insurance Trust (SSNIT), a mandatory 2.5% deduction is made on their social security contributions as their premium [ 16].

For our first cost estimate – the average premium contribution of formal sector workers – to accurately represent the average cost of BHI, the contribution rates that are stipulated in the 1998 central government policy need to be sufficiently high, so that the total premium contributions to the BHI cover total costs.

Other funding sources include investment income or interest earned on National Health Insurance Fund reserves (17% of NHIS revenues), a 2.5% of social security contributions from formal sector workers (16% of NHIS revenues).

WTP was higher than estimates of the cost of BHI based on past health expenditure or on premium contributions of formal sector workers.

At a price of 25 RMB per month (i.e. our estimate of average monthly costs of the BHI based on the contributions of formal sector workers) 35% of informal sector workers will buy the BHI.

We find that average WTP is significantly higher than estimates of average cost of BHI based on the premium contributions of formal sector workers and past health expenditure of informal sector workers.

The proposed sources of financing for the NHIS was the government through government revenue and earmarked taxes, the employed (formal sector workers) through payroll harmonization, contributions of employers and the self-employed as well as donations and grants.