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{
    "id": 1094407,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1094407/?format=api",
    "text_counter": 289,
    "type": "speech",
    "speaker_name": "Kiharu, JP",
    "speaker_title": "Hon. Ndindi Nyoro",
    "speaker": {
        "id": 13370,
        "legal_name": "Samson Ndindi Nyoro",
        "slug": "samson-ndindi-nyoro"
    },
    "content": "There is something else we must borrow from other economies. When we talk about NHIF and mutual funds like the NSSF, such funds in a country like Japan have borrowed in excess of 200 per cent, whereas our country has borrowed in excess of 100 per cent to our GDP. We keep giving examples of countries and economies like Japan but what we fail to tell Kenyans and explain to them is that most of the debts that big economies have, are indebted to their own funds. A country like Japan has borrowed more than Kenya in terms of the debt to GDP ratio but such a country borrows from its equivalent of NHIF and NSSF because they have domestic money lying in their funds. This is because they have enhanced the collection of the fund that participates in the growth and development of these economies. If we look at the equivalent of the NHIF in the countries I have given examples like Singapore and Japan, these are funds that participate in infrastructure of the health sector within their economies and countries. The aim of such a fund should not just be dispensing hospital bills but also to look at the supply side of the patient. By the supply side, I mean they invest in areas like research, development and innovations that will lessen the pain of the patients and give reprieve. Even beyond the funds, if we look at the innovations in countries like the US, actually No.2 from the Fintech is technology around the health sector that is trying to look for remedies to many The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}