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{
    "id": 1110703,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1110703/?format=api",
    "text_counter": 343,
    "type": "speech",
    "speaker_name": "Kikuyu, JP",
    "speaker_title": "Hon. Kimani Ichung’wah",
    "speaker": {
        "id": 1835,
        "legal_name": "Anthony Kimani Ichung'Wah",
        "slug": "anthony-kimani-ichungwah"
    },
    "content": " Thank you, Hon. Temporary Deputy Chairlady. I rise to support and would like to pick up from where Hon. Millie has stopped, on risks spreading. I had sought an opportunity yesterday to speak on risks spreading, which I did not get. I wanted to ask the NHIF Board and its management that, in as much as we are opening the leeway for risks spreading, this would move towards reinsurance. Hon. Millie is indeed right, that part of the requirements of IRA is regulation on reinsurance and how to share costs. I truly support what Hon. John Mbadi is seeking to do with his amendment. This is because there are very many stringent regulations over commercial insurance companies which may not ideally work in a social insurance scheme like the NHIF. Indeed, things like provisions on reinsurance, like Millie has said; provisions on liquidity ratios, how to collect premiums and commissions paid out to people who bring business. Therefore, there are very many things that would not suffice for the NHIF as a social insurance scheme, but are very important. I just want to allay fears of Hon. Tonui of Kenya Union of Post Primary Education Teachers (KUPPET) and Member for Bomet Central, that there is no competition between the NHIF and other commercial insurance companies. If anything, the operationalisation of this Act will enable NHIF to do its work as is intended by this Amendment Bill. The cost of medical insurance in this country and consequently the cost of medical care will come down. It will only encourage more commercial insurers to get into this business because it will be more competitive since there will be an industry regulator that will be offering a social security scheme. However, as a word of caution to the management of the NHIF, we know that previously, the Fund had been grossly misused. I pray that the opening of Section 3 by Hon. Gladys Wanga yesterday on risk spreading will not open an avenue by the management of NHIF or anybody within the Board of the NHIF to get into deals to reinsure public money with commercial interests. We must guard the public funds that are in this Fund to remain as a social security for Kenyans and not as an opportunity for individuals to solicit for commissions with reinsurance companies in the country and around the world. This is because there is that risk and, indeed, that is what I wanted to mention yesterday as we moved that amendment. Thank you."
}